Benefits of debt purchase
Managing unpaid debts take up capital and resources in your business. Selling your debt immediately releases funds and reduces your bad debt exposure.
Things to consider
Bad debts represent a financial risk and a burden on your time. As unpaid debts age, the time taken to manage them, and the costs involved, only increases. Removing debts which are unlikely to ever be repaid from your ledger is an alternative strategy to writing them off.
However, you need to be sure that debt purchase is the right solution in the circumstances, as you will be giving up your right to receive the full amount of your debt. Our expert analysis will ensure that you receive the best solution.
