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Don’t Get Caught Out By Business Fraudsters
The vast majority of clients you may have dealings with in business will be reasonably honest and trustworthy. but a small minority can cause you problems you may not have anticipated when taking them on. Here’s 5 siple tips on how to avoid those types of businesses and save yourself from having to pursue them…
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The Simple Way To Reduce Your Risk of Not Getting Paid
The amount of debt written off by business every year in the UK is eye watering but the risk of having your own business suffer can be reduced by a simple thing that is often over looked in small businesses – effective credit control. Of course no business can avoid problem customers. Even the most…
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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…
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Debt Recovery Just Got Tougher For Businesses
…At least when it comes to recovering money owed by individuals and sole traders following the introduction of a new set of rules introduced this month to ‘speed up’ up the debt recovery process. For anyone who isn’t aware, the new Pre-Action Protocol for Debt Claims came into force this month (1 October). The new…
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3 Top Tips To Help You Recover Debts
Being owed money is an unfortunate side effect of doing business for many company owners and recovering them can cause further pain when the process becomes a long, drawn out affair, which is often the case with bad customers. So help you recover you debts as quickly as possible here are 3 top tips to…
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Common Late Payment Excuses And How To Deal With Them
If you have been in business for anytime, the chances are you will have heard at least one, if not all the following excuses for late payment. Should you just believe what your customer says or take some early action before the situation gets out of hand? “I can’t pay you until my customer has…
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Advice On Chasing Payments From Your Customers
No matter how good your relationship is with your customer, a refusal to pay what is owed amounts to them hanging on to money that rightfully belongs to you. If everyone took advantage of a service then refused to pay for it then then the economy would grind to a halt so non-payment is a…
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3 Questions To Ask A Customer That Hasn’t Paid On Time
Sometimes customers decide not to pay, sometimes even if they have always paid on time before. When this happens it can be frustrating and time consuming trying to find out what might have gone wrong to cause them not to pay and then more time chasing the payment. Sometimes it could be all due to…
