Category: Business Debt

  • 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…

  • Debt Charities Complain That Bailiffs Continue To Abuse Powers

    Debt charities have been highlighting how some bailiffs have been continuing to intimidate debtors despite changes in the law designed to place limits on their powers. The flouting of current rules and regulations could see the government take a harder line particularly when there are reports that debtors have been treated unfairly. While the complaints…

  • How To Protect Your Business From Volatile Start-ups

    While we’re not suggesting that every start up company is going to end up owing you money, dealing with a new business requires a certain amount of caution. One thing you probably will get from a start up is a good deal. The owners are likely to be falling over themselves in their eagerness to…

  • 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…

  • 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…

  • Rise In Invisible CCJs

    County Court Judgements are on the rise amongst people who are unaware they have received them according to an investigation by the Daily Mail Newspaper. This has left many families distraught that they have been prevented from buying houses or worse having to sell homes and businesses to pay off debts. The process of issuing…

  • Business CCJs Fall Following Court Fee Increase

    The rise in fees on commercial disputes amounting to more that £10,000 appears to have led to a significant slump in the number of CCJs issued to businesses. This has prompting concerns that smaller businesses and contractors are now being prevented from pursuing claims because the cost means it isn’t worth it. This in effect…