Category: Avoiding Debt

  • Should You Be Prepared To Do A Deal With A Late Paying Client?

    There are a multitude of reasons why a client doesn’t pay an invoice from simply being an oversight to an attempt to cheat you out of money that is rightfully yours. So in what circumstances should you be prepared to make a deal over an unpaid invoice? This decision is a difficult one to make…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…