Category: UK debt levels

Bailiffs return but are told not to shout

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…




Why Time Is Precious In Debt Recovery

A common issue when businesses decide to pursue their customers for unpaid bills is the amount of time that has passed before they get to that stage. Some businesses might leave it for more than a year before they decide to pursue debtors and this often creates some ambiguity into what rights a company has…




UK Suffers A Festive Debt Hangover

Christmas on the credit card is seen as the main reason why many British people will be feeling the pinch in 2017. A survey by uSwitch found that 85% of people will be paying off credit card debts in the New Year. This could lead to people being more conservative about their spending as they…




500,000 Loans Written off Following Debt Collection Failings

News that 500,000 Loans have been written off due to failings in collection proceedings should act as a warning to businesses who don’t play by the rules on debt collection. The startling figure relates to car loans and pay day loans which were sold onto a debt recovery firm which didn’t stick to the correct…




How To Trace A Debtor If They Have Gone Missing

If there is one thing more annoying than not receiving the money you are owed, it’s a debtor who seems to have disappeared. So how do you go about finding a missing debtor? One of the common problems we see when people approach us for debt recovery services is a debtor who seems unwilling to…




They Didn’t Pay You – Should You Use A Debt Collection Agency To Get Your Money?

If you are a business owner with experience, you will know that there are always those clients who pay on time and those that try to buy some extra time. If you are a small business owner, the latter can end up killing your business if you are not careful so when should you use…




5 Factors That Could Impact On Business Debt In The Next 6 Months

If you’re a business owner, you will understand how vital cash flow is vital to survival. In the uncertain economic times we now find ourselves in maintaining that cash flow will be vital and this will often involve pursuing late payments as early as possible to avoid the impact it can have on your own…




Should You Name and Shame Late Payers On Social Media?

If there is one thing that kills businesses, it’s late paying customers and unfortunately there will be plenty out there willing to leave you struggling to keep your business going. In the past business owners would have been left seething in silence and waiting to get their revenge thorough some form of debt recovery –…




Should Investors Be Worried About UK Debt Levels?

Low interest rates are something we have come to expect in the UK such is the length of time the bank of England has kept them at 0.5%. Various macroeconomic factors have conspired to keep them that way. Falling energy prices and the need to keep the economy growing are just two of the factors…