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1st locate ®
is a registered trademark
Members of the Credit Services Association
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DEBT
PURCHASE - purchasing portfolio that others decline!
1st Locate
are one of the largest people locators or trace collect agencies in the
U.K. We are actively looking to purchase consumer or
commercial debt portfolios across Europe (particularly UK, France and
Germany).
Unlike many other Debt
Purchase companies, we especially want to purchase written off 'goneaway',
trace or skip accounts. Our expertise in this sector enables us to
purchase accounts that other organisations decline.
One of the largest costs to any lender are losses associated with accounts
that have 'disappeared'. Our expertise in tracing goneaway is second to
none and we are often able to trace the debtor and restore relations with
the customer resulting in the resumption of repayments.
Many organisations across
Europe have written off considerable sums because of goneaway accounts.
Our Debt Purchase service enables you to achieve a one off or staged
tiered payment
for these accounts. We are able to fund substantial purchases and have no
limitations on deal size.
All of our tracing and
collection activities
are
undertaken in full compliance with the relevant legislation and we are
full members of the Credit Services Association.
We are currently looking to
acquire UK or European based lending portfolio that primarily consist of
regulated consumer credit agreement 'goneaway' or trace & collect debt.
Should you be looking to dispose of this type of debt, please telephone
Corporate account services on 0113 297 7500 for further information.
Debt types eligible for purchase
- Goneaway or skip trace debt - consumer or commercial
- 2nd, 3rd, 4th placement consumer or commercial debt
- Prime or 1st placement consumer or commercial
- Overseas - ex UK consumers now overseas
- Overseas - EU, USA, AUS or NZ based consumers
- Write-off - UK based write off / charge off debt consumer.
We will consider all portfolio types
including:
Consumer credit - banking, credit card,
hp, retail credit.
Telecomms
Utilities
Medical
Commercial
CLICK
HERE to Contact Us
To obtain further information in
confidence, please email:
debtpurchase@1stlocate.com
OPEN AN ACCOUNT
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See details
CLICK
HERE to instruct us. |
DEBT COLLECTION.
- In addition to becoming one of the UK's leading Trace & Collect
specialists, we also offer a professional prime debt collection, 2nd
placement and write off recovery service. Our experienced staff and
sophisticated technology ensure we are able to consistently produce
high returns for our clients yet still maintain a professional &
respectful approach with your customers. Our ability to resolve
disputes and problems enables us to produce outstanding returns across
all types of collection activity.
We supply our products &
services to the Gas, Water & Electricity, Banking, Legal, Finance and
other industries. Our ability to trace people combined with our approach
to resolving problems has ensured we are one of the fastest growing
companies in the debt recovery & tracing sector.
We now have a portfolio
consisting of major Utility suppliers, Banks, Local Authorities & Finance
Companies.
If you have small
portfolio or even a single bad debt and you would like us to recover a bad
debt on your behalf,
CLICK HERE to instruct us. No success No fee!
Prospective Clients with larger volumes of
bad debts requiring recovery should
CLICK
HERE and we will forward you more details and our bulk pricing tariff.
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Visit
See details.
CLICK HERE to instruct us |
TRACE & COLLECT.
- A significant portion of our client's bad debt provisions are usually
made up from debtors where contact has been lost. Many of our competitors
are loathe to take on this type of work because of the level of expertise
and investment required to trace individuals.
Our business has developed from a trace
only agent to one of the leading Trace & Collect agencies in the UK. Our
average investment in each case placed with us approaches £20 before we
have even made any collection. Experience has shown us that unless a Debt
Collection Agent commits resource and is prepared for initial expense,
recovery rates suffer. As a result of this, many agents concentrate on
prime, where the initial investment prior to recoveries is small.
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See details
CLICK HERE to
Contact Us |
UTILITY DEBT COLLECTION.
Our experience in the Utility sector has developed around tracing and collecting
debts but also the identification and resolution of periods of supply and
responsibility for consumption. We currently service six of the largest Utility
companies in the UK. Our debt negotiators are skilled in all types of Gas,
Electricity and Water payment tariffs, metering options & measured/unmeasured
consumption issues. We invest much time in staff training for this sector and
the regulatory issues and restrictions in force. We are currently the top
performing debt collection agency for a number of our Utility clients - let us
show you how with a free trial for all new Utility clients.
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CLICK HERE to instruct a full trace or
Open an account
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TRACE only services. If
you have only an occasional requirement to trace goneaway debtors then you can
instruct us securely online by
CLICKING HERE. Remember, there are no charges if we are unsuccessful.
If you can instruct in large volumes or on a regular basis, you may benefit from
our reduced pricing structure and you should open account facilities.
Open an account .
Our price: £35.00
including VAT 17.5%
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All of our people search and tracing
activities are undertaken in full compliance with the relevant legislation and
we are full members of the Credit Services Association. Additionally, we hold
a comprehensive Data Protection Registration and are Licensed under the
Consumer Credit Act by the Office of Fair Trading
1st Locate UK Limited, 3 Leodis Court, Leeds LS11 5JJ Tel +44 (0) 113 297
7500
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