UK ARM Firm to Enable Payments by Mobile Phone Recycling

Weybridge, UK - In an industry first, the Freds.com Group have partnered with leading mobile phone recycler, ShP Limited, to offer debtors the ability to credit their accounts by recycling their unwanted mobile phones.

Group Marketing Director, Jan-Michael Lacey commented “The Freds.com Group are constantly striving to be innovative and are renowned in the industry for our leading edge systems.  We believe in removing barriers to repayment and have proved this time and again for example deploying the first fully functional online payment portal in the industry – www.fredpay.com and replacing giro slips with barcode payment technology.”

This is an exciting new way of generating recoveries as it enables debtors to realise the value of unused assets and have their accounts credited accordingly.  The other significant benefit is that this process is environmentally friendly and assists in helping reduce the UK’s e-waste.

The service works as follows; the debtor visits the Freds.com recycling website and enters details of the handset to be recycled.  An immediate online quote is then made based on handset type and condition.  The debtor then sends the phone by freepost to ShP Limited who, upon receipt, recycles the phone and transfers the agreed amount to Freds.com, the whole amount is then credited to the debtors account and reduces the total outstanding balance.

Freds.com company, Fredrickson International, went live with the new recycling service www.freds.com/recycle on the 16 March and another group company, SRJ Debt Recoveries will follow closely behind towards the end of March.

Lacey continued “We have several clients who are monitoring the situation closely and if it proves successful have already stated they would wish to deploy a similar service themselves, we also expect to see some of our competitors follow suit and would be delighted if they did so.  We all have a responsibility to ensure the welfare of our environment.”

About Freds.com
The Freds.com Group provide a range of innovative business solutions. The Group includes debt collection agencies; Fredrickson International and SRJ Debt Recoveries; a panel and asset management specialist, Credit Account Management; a payment processor, PayOffline.com; a mailing fulfilment company, FredMail and an IT solution provider, Fredrickson Managed Services.

The Freds.com Group works on behalf of some of the largest Financial Institutions and Corporations in Europe. The Group manages a total debt portfolio in excess of £3bn.

Additional information regarding the Freds.com Group can be found at www.freds.com

About ShP
ShP Limited is one of the UK’s leading mobile phone recycling companies. Established in 2001, the company has evolved from purely business-to-business handset recycling to offering an unrivalled mobile phone recycling service to many groups: from phone networks and government bodies, through to the general public, charities and educational establishments throughout the UK, Europe and other parts of the world.

Every phone received is recycled or reconditioned for reuse in the global market to satisfy demand for mobiles devices. Each unit is handled in accordance to the European WEEE Directive and Batteries Directive.

Last year alone ShP Limited recycled over 500,000 handsets and to date has managed to raise in excess of £2.5 million for charity through mobile phone recycling schemes.

For more information on ShP Limited, please visit www.shplimited.co.uk

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