Tag: Payment Terms

Top 5 excuses for late payments

Are you not being paid by someone or a client? We’ve put a list of ‘excuses’ that most companies use when you chase them for payment! 1. We can’t pay you until we get paid! “We are still waiting for payment from contractors/suppliers to make payment before we can pay you” 2. We sent you…




CAN I STILL CONTACT MY TENANT IF THEY CLAIM HARASSMENT?

In an ideal world your tenants will be respectful and answer your emails and phone calls either immediately or in a timely fashion.   Sometimes however disputes can arise leading your tenant to claim you are harassing them and spoiling their quiet enjoyment if they are a residential tenant. This then presents you as the landlord…




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

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…




How and why your business should consider tightening up its credit terms

Tightening up your business’ credit terms could help to save you time and money on chasing up late and non-paying customers. Businesses across the UK are facing serious financial consequences due to the late payment culture that is leaving them waiting months for the money owed to them. If you’re struggling to get your invoices…




How long do unpaid invoices remain valid for?

Many SMEs are consistently paid late by their debtors, but just how long do those unpaid invoices remain valid for? UK businesses are currently suffering at the hands of the country’s late payment culture. One third of the UK’s SMEs say that their invoices are not paid until two months after the agreed payment terms….




Why You Should Keep Your Customer Up To Date On Late Payment Policy

If you have owned a business for a period of time, there is a good chance you have come across clients who either decide not to pay for the goods or services you provided or try to delay payments. This can sometimes set in motion a long the long and difficult process of debt recovery…




Want To Avoid Disputes? Always Include Your Payment Terms!

The biggest cause of disputes over payments relate to payment terms that are either unclear or they weren’t visible at all during the sales process. Even the smallest details can give customers the opportunity to wriggle out of their payment obligations or delay making those payments. Common mistakes include failing to add payment deadlines to…