CCJ Debt Collection – Enforce Recovery Of Debt Problem customers and late payers can cause all manner of problems for business owners in the UK. If your business has provided goods and services to a customer, it is only right that they pay. It is common for people to take court action against their debtors … Read more
Can a Foreign Debt be Collected in UK Being owed money from someone in another country is a common occurrence. Both businesses and private individuals can deal on a global scale at the press of a button. Whilst this opens up huge opportunities, it also provides a huge potential for cross border debts to occur. … Read more
Using A Business Debt Recovery Agency Every business will need to look into debt recovery services eventually. Unfortunately, the trend of clients that do not pay their bills is almost a daily normality for companies in the UK. Studies conducted for 2020 showed that a staggering four out of five small businesses was owed money … Read more
Does Charging Interest On Late Payments Work? Preventing debt is one of the best ways of maintaining a stable cash flow in a business. Setting up a robust payment terms document at the beginning of any agreement can help to set the expectations of all parties, as long as everything is explained clearly. In a … Read more
Buying And Selling Debt – Is There Another Option? Selling debt to a debt collector has been an option for a long time. It is commonly used as a last resort when it is no longer economically viable to continue an ineffective credit control strategy. For example, if a business has a large portfolio of … Read more
When a business or an individual is owed money, there are many questions that need to be answered. This is especially true for those who aren’t experienced in the debt collection process. For smaller businesses, debts can be extremely troubling and could lead to situations as bad as insolvency proceedings. Much like paying back credit … Read more
If you are owed money by someone, you may be on the lookout for a debt collection service. In the interest of recovering money that is owed to you, you will need an organisation that you can trust from the start. You may come across the term “No Win No Fee” when conducting your research. … Read more
Using A Debt Collection Agency vs Independently Collecting A Debt Have you ever experienced a situation where you have lent money to someone and they are refusing to pay it back? Do you have customers that are ignoring you when you ask them to pay you for your services? There are many ways in which … Read more
Using A Professional Debt Collection Agency For businesses and private individuals in the UK, the occurrence of unpaid debts has increased in recent years. Problem debtors are coming up with more and more excuses as to why they cannot (or will not) pay their invoices. In a survey that was conducted by BACS, around 43% … Read more
Has Your Customer Not Paid Due To Coronavirus? The coronavirus pandemic has affected not only people’s health but also their financial condition. It has affected business and trade, especially for small-scale businesses. This is because customers have not paid the money for goods and services on time. Coronavirus’s impact means that the world has faced … Read more