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At Financial Recoveries we recognise that more and more companies are considering selling their debts to release working capital or to repay loan or overdraft commitments. For some, it’s just a cost-effective option.
At FRL we consider UK or International debt portfolios of between £250,000 - £10,000.
We generally purchase portfolios of debt as this enables us to offer our clients a higher price in the pound because the risk is spread. In the event that you have a one off debt then we strongly recommend that you consider the Debt Recovery options that we offer.
We are able to offer a variety of purchase options. The two most popular methods are flat-rate and reduced flat-rate + fee.
Flat-rate –
We review your portfolio of debt and then submit an offer, that price is paid within our mutually agreed time period.
Reduced flat-rate + fee – Similar to the above, we offer you a percentage of the flat fee which is then followed by a commission on monies collected over the purchase price.
Why sell debt?
Selling
your debt provides you, the client, with: |
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An immediate return
on your overdue debt, which helps with financial planning |
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Reduced overheads,
as there are no operating costs to service the debt |
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The ability to free
up front-line collectors to focus on current debts |
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Direct bottom-line
improvement and no requirement for any provisions |
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Please note that this service should only be considered if you are looking to sell a portfolio of debts. These may yield a higher premium as the risk is spread. One off debts yield a lower premium as there is a 100% risk. In the event that you are looking to sell just 1 debt we recommend that you look at the debt recovery options first.
Please contact our sales department by clicking here to discuss your requirement further. |
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Consumer Credit License No:
538106 |
Data Protection Registered
Number:
Z8121398 |
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