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Why Should You Write Off Debt?
All too often in business you hear stories from business owners say they had to write off a debt that went unpaid even though their client or customer is able to walk off into the sunset and benefit from all the hard work they put in. So are they doing the right thing? Should they…
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Should You Use A Debt Collection Company If You Are A Sole Trader?
The number of self-employed individuals working as sole traders has increased dramatically in recent years as technology has brought new freedoms to work self employed doing a greater variety of jobs than ever before. Self-employment is no longer confined to tradespeople and high flying consultants it is just as easily available to people with all…
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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…
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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…
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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…
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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…
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How To Recover Your Debts Without Frightening Clients
If you’re a business having problems with bad debts, those clients continuing to avoid paying you can make your blood boil. The problem is when those clients that owe you money are your most valuable clients, it’s unlikely you will want to frighten them away altogether. So what should you do to avoid scaring your…
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Debt Recovery From European Debtors Post Brexit
Brexit will almost certainly continue to create seismic shockwaves to the economy in the months ahead and plenty of uncertainty for UK businesses trading with companies in the EU. While previously businesses could fall back on the support of European Union laws when settling disputes, the triggering of Article 50 will eventually remove that support…
