Case Studies – 5th June 2017
We’ve had hundreds of thousands of pounds recovered since our last post on Thursday 1st June.
We have recovered money for Building companies, transport companies, plant hire hire companies, machinery companies, manufacturers, retailers, wholesalers, Technology companies, architects, raw material companies, media companies, business services providers, the list goes on.
One member in Devon who provides high tech services to manufacturers logged on to report over twenty five thousand pounds recovered from 28 debtors on Friday. They logged back into the members site today to tell us a further three debtors had paid a total of six thousand pounds. We are so happy to see them getting such great results from the service.
A builders merchant in Hampshire logged in to tell us that five debtors they had passed to us at the beginning of the week had responded to our initial contact by paying them in full. Our member now has over ten thousand pounds they didn’t have before to boost their cashflow.
A paint manufacturer came to the members area of the website to report that three debts passed to us at the end of May that were owed by three joineries for approximately twenty thousand pounds had been paid in full. it is good to see our system work so well for these members.
A telecommunications equipment distributor asked us at the end of May to chase payment of over thirty five thousand pounds that had been invoiced in January to a telecommunications company in East Anglia. They had clearly been given the run around and payment was very late. However within 10 days of getting involved, our member had been paid in full.
On average we resolve over 80% of debts referred to our unique Overdue Account Recovery Service, all part of our members subscription. For those not resolved by this system, we can get even more involved, offering legal action and collections. For those that refer the debts to that service, we resolve another 60 plus percent. And in most cases CPA’s fees are payable by the debtor.
Do you have any debtors that could do with encouragement to pay from The Credit Protection Association? Give us a call and find out how we can help you.
Previous Case Studies
Case Studies – 1st June 2017
CPA news 30/5/2017
Credit Management that works
How to get paid – the CPA way.
Debt collection strategies pay off for CPA members
CPA Successes 23rd May 2017
CPA Successes 22nd May 2017
Another debtor pays in full.
Another CPA Success