Tag: Recover Payments

  • ‘Buy now, pay later’ credit options pushing consumers into high-cost debt

    Buy now, pay later loans have been around for many years, but recent deals have been accused of pushing young consumers into unaffordable debt. Buy now, pay later credit allows consumers to acquire items without paying for them upfront, instead they spread the cost over a set period of time. Sometimes referred to as shop…

  • 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 to improve your business’ cashflow at Christmas

    Use the tips and advice in this blog to help your business to maintain a healthy cashflow this Christmas. Most businesses will experience some level of seasonality over the Christmas period. For many retail and catering businesses it is their busiest time of year, but for businesses in other industries, sales can come to a…

  • Why do so many people get into debt over Christmas?

    The demand for debt recovery services is expected to surge in the new year as businesses struggle to collect money owed by customers who have fallen into debt over Christmas. A 2017 article in the Independent found that more than three quarters of UK families with children make financial sacrifices at Christmas in order to…

  • 3 common late payment excuses and how to handle them

    Learn how to deal with these three common late payment excuses efficiently to get paid quicker. If your client is constantly deflecting your requests for payment and you’re beginning to worry that your invoices are never going to get paid, it’s time to tackle the problem head-on. Before you make another phone call to chase…

  • 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.…

  • When Is It Too Late To Recover Payments?

    A common question for people seeking payments for overdue invoices from customers is when is it too late to recover payments? While we all like to think that our customers will do the right thing and pay on time, sometimes you will come up against customers who have no intention of settling their invoices. Weeks…