Category: Business Debt

  • Taking Your Client to Court Over Debts

    Legal proceedings are not to be taken lightly and even more so when it comes to debt recovery and there are pros and cons to be considered when it comes to recovering the money a client owes you. To put it bluntly, taking your client to court is pretty much guaranteed to destroy the relationship…

  • Should You Offer Your Late Paying Customer A Payment Plan?

    In an ideal world all of our clients would pay us on time and in full. Unfortunately sometimes this isn’t the case for all sorts of reasons some of which may be legitimate while others are simply delaying tactics. Telling in the difference between the two can be hard but as a general rule you…

  • Don’t Give Up Chasing That International Business Debt

    With all this talk of Brexit you can be forgiven for thinking anything involving international business is fraught with red tape and hostile foreign nationals out to get us. In some cases you may be right and it can be much more difficult to recover debts from customers abroad than here in the UK. To…

  • Lack of Awareness Of Late Payment Law Could Be Costing You Money

    Late paying customers are not only a nuisance, they can also cost your business more than the sums they owe. Fortunately there are laws to protect your business from late paying customers and it is worth reading up on them if you ever need to take advantage. So the first thing to do if you…

  • Should You Use Social Media To Get Your Invoices Paid?

    There is little doubt that social media has brought about revolutionary changes in the way we communicate with each other. Even the US president uses it as a way to communicate his thoughts about other world leaders and the issues of the day so does that mean it’s ok for business owners to use it…

  • Should You Be Prepared To Do A Deal With A Late Paying Client?

    There are a multitude of reasons why a client doesn’t pay an invoice from simply being an oversight to an attempt to cheat you out of money that is rightfully yours. So in what circumstances should you be prepared to make a deal over an unpaid invoice? This decision is a difficult one to make…

  • If You’re Thinking of Writing Off Bad Debt, Read This First

    A common reaction of business owners to non-payment is to simply give up the pursuit and simply write money owing off as a bad debt. This is usually because the perceived cost and hassle involved with debt recovery seems to outweigh the benefits. Yet writing off bad debt means two things, you don’t receive the…

  • Which UK Region Has The Most Indebted SMEs?

    Large amounts of debt can be a massive red flag if it’s a company you are about to enter into a business arrangement with. A recent survey however might help you decide which is the best part of the UK to be doing business in if you want to avoid potential problems with debt recovery.…