Have you got a customer that won't pay? Got better things to do than spend your time chasing them, but don't like to feel you're being taken for a ride?
CreditXS is an online business debt collection service from My Credit Controllers. There's no fee until we successfully bring in the payment to your account. For overdue payments, you have the option to add our charge to the total we seek to get back for you from your debtor.
So there's nothing to lose, why not fill out our online form now and let CreditXS take the strain? It only takes two minutes to hand over your worries.
Read our customer testimonials
If we've contacted you on behalf of a client, read this
Integrates with:
You tell us about the invoices using our simple online form. There's no minimum value - every payment counts!
Our qualified, professional Credit Controllers oversee a carefully designed programme of contact with the debtor to quickly achieve payment into your account. Our experience is that most late debts are settled quickly once the customer sees that it has become serious. You can also use the system to help collect payments before they are due and we will send polite statements and reminders to your customers to remind them to pay on time.
You have a statutory right to claim interest and compensation on late commercial payments. Compensation includes reasonable recovery costs, which can include our fee.
My Credit Controllers can see the process the whole way through to claims court in the small number of cases that require this.
You can also use add invoices to CreditXS before they are late - at a much reduced fee. We will send statements and reminders to your customer in the run up to the due date, greatly increasing your chances of getting paid on time.
See also: Late Payment Interest Calculator
We invoice you a percentage of the gross value of the money we collect including for staged or part-payments by the debtor.
You have a legal right to add interest and administrative costs to late payments, so (unless you instruct us otherwise) we add our fee and your late payment interest to the debt to be collected. If the debtor pays it all, you can take advantage of our service without being out of pocket yourself.
If we don't collect any money for you, you pay nothing.
| Days late when submitted | Our Success Fee (%) |
|---|---|
| Invoice not late | 0.75 |
| 0-14 | 3.0 |
| 15-28 | 6.0 |
| 29-56 | 10.0 |
| 57-150 | 12.0 |
| 151+ | 15.0 |
The fee percentage is based on how overdue the invoice is when you submit it. Use our late payment calculator to see how much interest and fees you could add to your debt.
You've really got nothing to lose, why not tell us about the business that owes you money right now?
In the small number of cases where the customer does not pay in full, costs for claims court are in addition but we inform you of these before you decide whether to proceed with court action.
