CDER Group – Is CDER Group a Scam?
Despite the name, CDER Group is not a scam. In fact, they are one of the largest debt collection companies in the UK. They provide a number of services to their clients including debt recovery, debt management, debt reduction, and debt mitigation. The company has also invested heavily in state-of-the-art technology. This has allowed it to grow from a small operation into a national organization with over 1,050 employees.
The company is headquartered in London and has three subsidiaries, CDER Group, Advantis, and Phoenix Commercial Collections. They also have three centres of excellence for road user charging, traffic and local government revenue collection. The main office is located at Peninsular House, 30-36 Monument Street, London, England. The company has been endorsed by the UK government as its leading enforcement and debt resolution provider. The company is also a member of the Outsourcing Inc. Advisory Board.
The company is a leading innovator in the field of debt management and recovery. They are renowned for their state-of-the-art technology and are regularly honoured by industry associations as the best in class. They are able to perform several functions ranging from debt management to customer service, making them one of the most comprehensive debt recovery organizations in the world.
The company is also known for its “compliant” data-led engagements and resolutions. These are complex, sophisticated processes that are overseen by an Independent Advisory Group, which ensures that every CDER Group transaction is in line with the highest standards of ethical conduct. The group has also tested the company’s new A2A payments scheme, a next-generation application of PSD2, to ensure that it is safe and secure. In addition to the A2A payments scheme, CDER Group has also partnered with open banking technology providers Ecospend to deliver a “Pay by Bank” solution. This is a secure payment channel that reduces the risk of fraud.
In terms of debt, the best way to go about it is to pay off your debts as quickly as possible, which will minimize the number of visits from bailiffs. This is especially important if you are facing a County Court Judgement. This type of ruling can be catastrophic, threatening your ability to make ends meet, and is a very serious matter. This is why you should be on your guard if you receive a threatening letter from an enforcement agent. You may also be notified of a visit by bailiffs and may be urged to negotiate a short-term settlement. However, if you refuse to allow the enforcement agents inside, you may be on your way to more debt.
The company’s aforementioned A2A payment scheme is a boon for customers, allowing them to pay off their bills securely and conveniently via their bank accounts. Having your debts paid off can mean the difference between having your home or car repossession or being able to buy that dream car you have been putting off for years. If you have debts, it is important to take the time to understand your options and the laws that govern the industry.
CDER Group – Is CDER Group a Scam? was first seen on Debt Worries