Daniels Silverman service to tackle private schools debt

Credit management and debt collection company Daniels Silverman has established a dedicated private schools team in response to the growing number of private educational establishments that are turning to them for help with fee arrears. Daniels Silverman has more than 70 schools and colleges on its books, a 35% increase in the last 12 months. […]

Credit management and debt collection company Daniels Silverman has established a dedicated private schools team in response to the growing number of private educational establishments that are turning to them for help with fee arrears.

Daniels Silverman has more than 70 schools and colleges on its books, a 35% increase in the last 12 months.

Tracy Burgess, director, Daniels Silverman, says: “Increased economic uncertainty is putting pressure on household finances and parents can fall quickly and unexpectedly into financial difficulties.

“Schools are left with terms’ worth of unpaid fees and are struggling to manage their own financial planning as a result. We can help ensure arrears don’t escalate out of control. Our team offers a bespoke and discreet service with dedicated account managers who act as mediators between the schools and parents.

“We understand the reputational risk issues schools face and the sensitivities involved when parents fall behind with payments and aim to rehabilitate and bring payments back in line.”

Daniels Silverman’s private schools team has access to a state of the art IT system enabling it to adjust its collections technique to suit the situation, from asset investigation and assessment to flexible payment plans. This provides clients with on-line access to their accounts 24 hours a day, 7 days a week.