Bad debt protection

The impact of bad debts on your bottom line can be significant. Our bad debt protection solution can help you to operate secure in the knowledge that you are covered should pre-approved customers get into financial difficulty.

 

What is bad debt protection?

Bad debt protection is a product that can be added to your invoice discounting or factoring facility that ensures that you still receive payment in the event that your customer can’t settle their invoices.

We offer up to 100% protection on customers who have been pre-approved by our credit team, which means that you have peace of mind that customer insolvency won’t negatively impact your cash flow.

Terms and Conditions

Bad debt protection

How does bad debt protection work?

Should a customer insolvency arise, we will liaise with the designated insolvency practitioner on your behalf. Once we are in receipt of all supporting documentation, the formal write-off process may be completed within as little as two weeks.

We have an expert credit management team that will work with you to assess any potential risks from your existing or new customers, minimising your exposure to bad debts.

The benefits of bad debt protection are clear:

1

Up to 100% protection against bad debts from customers pre-approved by our Credit Team

2

Direct access to our expert in-house Credit Management Team

3

Saves time and money in the event of customer insolvency

4

Includes credit limit checks on new or existing customers