STA International is the recommended debt collection partner to four credit
insurance underwriters. Systems alignment provides a secure and transparent
service to reduce protracted default (PD) claims, and increase policyholders’ cash
flow.
When UK and overseas accounts are referred at the end of the Maximum Extension
Period (MEP) to STA, Late Payment Act interest and collection cost is added to the
principal debt, and immediate contact made with the buyer.
This early intervention results in the majority of accounts being paid quickly, the
policyholder receiving prompt remittance of the principal sum and interest, with STAs
costs covered by the buyer paying the collection costs.
The underwriter has online access to each and every action taken by STA, including
a consolidation of a single buyer across multiple policyholders. Simultaneously, the
policyholder sees every STA action on each buyer it places for collection, along with
collection success dashboard and recovery cost details. With PD claims reduced for the underwriter, cash flow and premium protection
maximised for the policyholder, STA provides a win-win solution to the challenges of
cash collection. To find out more, please contact Karl Hague on 01622 600921 or via email:
karl.hague@staonline.com or visit www.stainternational.com.
