Chasing Payments – Page 4 – Churchill Recovery Solutions

Aug 05 2019 5th August 2019 12th August 2019 No Comment by admin

How to charge interest on late payments

Posted in Chasing Payments, Churchill Recovery, Debt Collection, Debts, Insolvency, Interest, Recover Your Debts, Recovering Debt

Charging interest on late payments is an effective way of protecting your business’ cashflow. UK businesses of all shapes and sizes are suffering due to the country’s late payment culture. 80% of small businesses are paid late, and on average, SMEs are owed £6,142in late payments at any one time. Being paid late can have…

Tags:Business Debt Charge Interest Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Insolvency Interest

May 01 2019 1st May 2019 1st May 2019 No Comment by admin

How do late payments affect small businesses?

Posted in Business Debt, CCJ, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debts, Late Payment, Late Payment Interest, Late Payment Law, Late Payment Policy, Small Businesses, SMEs

Chasing late payments wastes time and money for small businesses, as well as posing a serious threat to their survival. Late paying customers are a frustrating and worrying problem that most small business owners are all too familiar with. In fact, research shows that on average small UK businesses are owed £24,841in late payments, and…

Tags:Late Payments Small Businesses

Apr 20 2019 20th April 2019 10th April 2019 No Comment by admin

Tips for encouraging customers to pay on time

Posted in Business Debt, Chasing Payments, Churchill Recovery, Creditors, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Debts, Insolvency, Late Payment, Late Payment Interest, Late Payment Law, Late Payment Policy

Late payments can have a dangerous knock-on effect to your business’ cashflow, as well as costing you time and money to chase them up. The safest way to do business is always to take money upfront. Failing this, it’s important to take whatever measures you can to encourage customers to pay you on time, every…

Tags:Business Debt Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Late Payment pay on time Reduce Late Payment

Mar 04 2019 4th March 2019 4th March 2019 No Comment by admin

3 steps to determining a customer’s creditworthiness

Posted in Avoiding Debt, Business Debt, CCJ, Chasing Payments, Churchill Recovery, customer’s creditworthiness, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debtor, Debts, Insolvency, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

If you supply customers with a product or service, then offering a credit facility is a great selling point, but it doesn’t come without its risks. Whilst it is impossible to completely safeguard yourself from non-paying customers, it pays to have a system in place for checking a company’s credentials before you commit to working…

Tags:Business Debt CCJ CCJ Difficulties Churchill Recovery customer’s creditworthiness Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery UK debt levels

Feb 22 2019 22nd February 2019 6th February 2019 No Comment by admin

CCJs Issued Against Businesses on The Rise Again

Posted in Avoiding Debt, Business Debt, CCJ, CCJs Issued, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debts, Insolvency, Recover Payments, Recover Your Debts, Recovering Debt, SMEs

After a long period when the number of CCJs issued against businesses was in decline, the third quarter saw a sharp increase. This suggests that companies are currently far more willing to take their claims as far as a CCJ than they have been for quite some time. 32,629 business CCJs were issued in the…

Tags:Business Debt CCJ CCJ Difficulties CCJs Issued Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery

Feb 06 2019 6th February 2019 6th February 2019 No Comment by admin

3 Things You May Not Know About the Enforcement Process

Posted in CCJ, Charging Order, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Debts, Enforcement Process, Late Paying Client, Late Paying Customer, Late Payment, Late Payment Law, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

If you have taken someone who owes you money to court and you win the case, then the debtor has only a limited time to pay you what they owe or face the prospect of bailiffs coming to their premises. This part of the enforcement process is governed by the following actions you may not…

Tags:Business Debt CCJ CCJ Difficulties Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Enforcement Process UK debt levels

Jan 12 2019 12th January 2019 4th January 2019 No Comment by admin

Recovering Debt from Outside Within the EU

Posted in Brexit, Business Debt, Chasing Payments, Debt Collection, Debt Collection Agencies, Debt Recovery, Debt Recovery Processes, EU, Insolvency, Late Payment, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses, SMEs, Sole Trader

Recovering debt from companies outside the UK is no easy task for the average business owner but despite the popular myth that it is impossible to recover money from foreign companies, the EU does offer similar protections to those in the UK. All this of course may change if the UK fails to reach a…

Jan 04 2019 4th January 2019 4th January 2019 No Comment by admin

How To Make Sure You Keep Up With Invoicing In 2019

Posted in Avoiding Debt, Business Debt, Cash Flow, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debts, Invoicing In 2019

Did someone once say ‘a successful business always collects its payments on time’? If they didn’t, then we’re saying it because collecting payments when they are due is essential to maintaining cashflow in a business. Here are out top tips to make sure you start the year of right. Keep detailed records about your customers…

Tags:Business Debt Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Invoicing In 2019

Aug 30 2018 30th August 2018 17th August 2018 No Comment by admin

Should You Use Social Media To Get Your Invoices Paid?

Posted in Avoiding Debt, Business Debt, Chasing Payments, Debt Charities, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Insolvency, Small Businesses, SMEs

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…

Tags:Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Small Businesses

Aug 17 2018 17th August 2018 17th August 2018 No Comment by admin

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

Posted in Avoiding Debt, Business Debt, Chasing Payments, Debt Collection, Debt Recovery, Insolvency, Late Paying Client, Recover Your Debts, SMEs

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…

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