However, due to the challenging nature of their task, it is often an unpopular aspect of the business in which to work and thus does not attract the best talent. Huntswood reverses the trend of applying low-level administrative or off-shore outsourced resources to increase collections and recoveries capacity. By using experienced, often qualified, financial services resource, we increase the effectiveness of collections and recoveries activity and thus the financial yield achieved. |
"In the first eight weeks our team of five interim resources had issued over £1.1 million of ‘debt reports’ and collected £1/2 million of outstanding payments, as well as setting up ten payment plans covering debts of up to £100,000. In this time Huntswood contacted over 400 solicitors regarding monies owed."
Phil Fox, Head of Customer Services
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