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Wescot and Experian strike a deal

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One of the largest debt recovery agencies in the United Kingdom and one of the largest global information services organisations in operation have struck a deal that will see wescotboth of them benefit extensively from over the coming years. UK-based debt recovery agency Wescot have struck a multi-million pound deal with Experian to provide them with data services for the next two years,

Wescot is one of the biggest and most respected debt recovery agencies in the United Kingdom and currently employs the services of over 650 staff across three different locations. Wescot possess major centres at Hull, Glasgow and Saltcoats respectively, and the staff within these three centres contact over 5 million account holders each year. Wescot have a burgeoning reputation for the successful management and recovery of debt and last year returned over £240 million to the accounts of their clients.

The deal with Experian will give staff at Wescot even greater levels of detail and accuracy in relation to data services and hopes are high at the company that the resulting improvements will be of great benefit to their clients. Wescot will take advantage of the new platform that has recently been introduced by Experian called ExPin. ExPin is a dynamic data platform that gives each individual on the database a unique PIN number. The platform uses this PIN number to identify individuals and detect any duplications or copies. This substantially improves the accuracy and detail of the data provided to customers of Experian and Wescot are delighted to be a part of such a platform.

Paul Jenkins, Chief Executive Officer at Wescot commented that the ExPin platform had improved their collections operating model and that continued use of the platform would only serve to strengthen their position at the forefront of the debt recovery sector in the United Kingdom.

Wescot currently manage over £4.5 billion of performing assets for their clients with the board at Wescot hoping that the deal struck with Experian will increase that figure even further.

Paul Jenkins added that the most important aspect of the multi million pound deal was with regards to being able to achieve excellent levels of compliance and protect the image and reputations of both their clients and the Wescot brand itself.

Wescot Company History

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Originally established in the early 1970’s, the modern day Wescot came into existence in 1983 and has grown steadily during that time both in terms of size and reputation. Wescot are a company from the United Kingdom that deal with debt recovery and assist their customers with recovery and location issues. Wescot are one of the largest debt wescotrecovery agencies in the United Kingdom and employ over 650 staff in three individual locations. The company has centres in Hull, Glasgow and Saltcoats respectively, but deals with client’s right across the United Kingdom.

The companies experience and expertise within the sector enables them to efficiently and effectively deal with over 5 million individual account holders each and every year. Wescot have a burgeoning reputation for working closely with their customers and providing a transparent, professional and ethical approach to their business which is something that has resulted in them being in high demand to act as sponsors for various events throughout the UK.

The majority of the customers that seek the assistance of Wescot come from four main sectors and the company takes great pride in the high levels of customer satisfaction enjoyed by the clients. The four main sectors that make up the bulk of the company’s customer base are the banking, telecoms, utility and retail finance sectors.

Wescot specialise in the recovery of debt that has fallen into arrears for whatever reason and believe that it is their honest and ethical approach to business that has resulted in an increasing number of customers seeking out their assistance. Wescot work hard on the behalf of their clients to resolve issues between individuals and their clients and place great emphasis on maintaining a professional approach at all times. Wescot are a company that understands the importance of not only treating each of their clients on an individual basis but also the need to protect the client’s public image and reputation. Wescot possess an executive team that are experts within the debt recovery sector and it is this experience and expertise that enables them to achieve positive results on behalf of their clients time and time again.