Nexus CIFS launches new easy debt recovery tool 'First Place'
Nexus CIFS - premium sponsor at CTI inaugural conference in May 2016 - has expanded and empowered its Integrated Collections debt recovery, now renamed “First Place”.
First Place is the result of the collaboration between Nexus CIFS and the UK’s leading collections agency STA International, aimed to offer an easy-to-follow collections procedure.
The product brings significant policy features including seamless overdue debt reporting, higher indemnity, a contribution to legal costs and a no claims bonus.
First Place also gives customers the opportunity to only collect the principal sum due or principal plus with the interest and costs added on.
During 2015 those CIFS policyholders that elected to add on the interest and costs were rewarded with 70% of those amounts being collected. Find out more here.
Well known for its credit insurance offering in the timber industry and one of the UK’s leading underwriting agencies, Nexus CIFS established a premium partnership with CTI last February.