Debts – Churchill Recovery Solutions

Jan 06 2023 6th January 2023 15th December 2022 by admin

Paying bills and expenses after someone dies

When someone passes away, settling their estate involves discharging all outstanding debts and managing expenses related to their death – such as funeral costs. It’s important to ensure that a deceased person leaves behind a legacy of balance for those left behind. When someone has died, their estate is liable for paying their outstanding debts….

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Sep 23 2022 23rd September 2022 7th November 2022 by admin

1 in 10 ‘buy now, pay later’ shoppers chased by debt collectors

Posted in Buy now, Buy Now Pay Later, Chasing Payments, Churchill Recovery, Debt Charities, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debt Reovery, Debts, Debts Overdue

One in 10 shoppers who use buy now pay later have been chased by debt collectors, according to Citizens Advice. In February the Treasury said services would become a regulated activity policed by the Financial Conduct Authority. Regulators have been urged to crack down on ‘buy now, pay later’ firms after a damning report revealed…

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Apr 12 2022 12th April 2022 12th April 2022 No Comment by admin

UK credit card debt hits record high

Posted in Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debts, Late Payment, Late Payment Law

Consumers borrowed £1.5bn net in February — the highest monthly figure since statistics began in 1993 UK consumers borrowed a record amount in February, with some economists saying it was a sign of the cost of living crisis hitting wallets even before Russia’s invasion of Ukraine pushed energy prices higher. Individuals borrowed a net £1.5bn…

Tags:Business Debt Churchill Recovery Credit card debt hits record high Credit Cards Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Recover Payments Recover Your Debts Reduce Late Payment

Nov 18 2021 18th November 2021 18th November 2021 No Comment by admin

Warning as millions of taxpayers owe money to HMRC – are you affected?

Posted in Avoiding Debt, Business Debt, Chasing Payments, Christmas Cash Flow, Churchill Recovery, Debt Charities, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debt Reovery, Debts, Insolvency, Late Paying Client, Late Paying Customer, Late Payment, Late Payment Interest, Late Payment Law, Late Payment Policy, Recover Payments, Recover Your Debts

TAX debt is now more than double pre-pandemic levels with the National Audit Office (NAO) today warning the HMRC may struggle in dealing with the workload of collection. Up to 2.4 million taxpayers are thought to be in debt to HMRC since the pandemic with a total debt of £42billion in September according to the…

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Sep 04 2020 4th September 2020 4th September 2020 No Comment by admin

Bailiffs return but are told not to shout

Posted in Avoiding Debt, Bailiffs, Business Debt, CCJ, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Reovery, Debts, Debts Overdue, Enforcement Process, Recover Your Debts, Recovering Debt, Service Charge, Small Businesses, UK debt levels, UK Recession

A report from BBC News has reported Bailiffs that are resuming operations in England and Wales are being told to keep their voices down to protect against coronavirus transmission. They will be chasing unpaid council tax after a five-month suspension. Debt charities have warned of a surge in cases, prompting financial and health risks. But…

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Aug 27 2020 27th August 2020 27th August 2020 No Comment by admin

Five rules bailiffs have to follow when they visit homes following the pandemic

Posted in Avoiding Debt, Bailiffs, Churchill Recovery, Court Fee, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debt Reovery, Debtor, Debts, Debts Overdue, Enforcement Process, Late Paying Client, Late Paying Customer, Late Payment, Late Payment Interest, Late Payment Law, Late Payment Policy

Bailiffs are now able to approach debtors’ homes over repayments for fines, traffic offences, unpaid council tax and other outstanding penalties. The guidance, which has been published by the Ministry of Justice, outlines that goods can still be seized during the pandemic. But the procedure of bailiffs coming to visit people’s homes is now different from…

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Aug 10 2020 10th August 2020 27th August 2020 No Comment by admin

How to approach rental arrears in a COVID world

Posted in Avoiding Debt, Bailiffs, Business Debt, CCJ, Chasing Payments, Churchill Recovery, Court Fee, Creditors, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Debts, Debts Overdue, Late Payment, Late Payment Interest, Late Payment Law, Late Payment Policy, Overdue Debts, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

In the wake of COVID-19, local councils and housing providers have been jolted into finding new ways of delivering services and interacting with their tenants – especially when it comes to income collection and rent arrears. Increasingly, we’re seeing providers employ innovative strategies while moving from debt recovery to support provision. Behavioural insights tell us…

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Jul 29 2020 29th July 2020 29th July 2020 No Comment by admin

Your options when a debt becomes overdue

Posted in Business Debt, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Reovery, Debtor, Debts, Debts Overdue, Late Paying Customer, Late Payment, Late Payment Law, Late Payment Policy, Overdue Debts, Payment Plan, Recover Payments, Recover Your Debts, Recovering Debt, Service Charge, Service Charge Dispute, Small Businesses, SMEs

Once an invoice exceeds its credit terms, the likelihood of collecting the debt decreases as it grows older, which is why it’s worrying to see that 30% of businesses now classify more than 10% of their debtor book as over 90 days old. DIY Firstly, if you have a dedicated credit control team in house…

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May 12 2020 12th May 2020 12th May 2020 No Comment by admin

WHAT HAPPENS IF A SERVICE CHARGE DISPUTE IS TAKEN TO COUNTY COURT

Posted in Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Debts, Enforcement Process, Service Charge, Service Charge Dispute, Small Businesses, SMEs

Sometimes, despite the best efforts of property managers, service charge arrears continue to be a problem in blocks where property owners find themselves in financial difficulties, or they are simply unwilling to pay. In cases where demand letters are ignored and payment deadlines missed there is often no option other than to take matters to…

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Apr 12 2020 12th April 2020 12th May 2020 No Comment by admin

Over Half a Million UK companies in financial distress

Posted in CCJ, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debts, financial distress, Late Paying Client, Late Paying Customer, Late Payment, NHS

A recent survey from redflaghalert has suggest that there has been a significant increase in businesses experiencing critical distress; 2,289 companies are now in this category. Between Q4 2019 and Q1 2020, the increases in certain sectors have been dramatic: Bars and restaurants: +37% Real estate and property: +21% Construction: +11% Retail: +8% Manufacturing: +8%…

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Category: <span>Debts</span>