Collections and Debt Recovery

With the perilous state of our fiscal deficit continuing to break records, it is has become normal, even acceptable, to talk about debt levels in £billions. UK personal debt arrears is currently approaching £25 billion, which equates to over £500 for every UK adult. The combination of high unemployment rates and continued pressure on government finances will ensure that personal debt arrears will continue to be a problem for a while yet.

The current economic environment has certainly impacted recovery rates although JRE Associates believe that procedural and process inadequacies lie at the root of the problem. With first hand experience across prime, near prime and sub prime operations, JRE Associates will carry out a complete review of your existing infrastructure and provide solutions tailored to your business. Our in depth review will look at all aspects of technology, credit data and analytics, procedures, processes and staff. Our style is inclusive and collaborative in nature and we are confident that we can deliver incremental value to any lending business.