The pros and cons of taking legal action against late paying customers
Posted in Bailiffs, Business Debt, Debt Charities, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Insolvency, Late Payment, Late Payment Interest, Late Payment Law, Recover Payments, Recover Your Debts, Recovering Debt, Service Charge, Service Charge Dispute, Small Businesses, SMEs
With two in five small business owners (40%) saying that they are taking legal action against customers not paying them on time, we consider the pros and cons of taking legal action to recover what’s owed. According to new research from Hitachi Capital Business Finance, three in five small businesses are affected by late payments (62%)….