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January Debt Recovery
January can be a particularly difficult time for business owners. It often takes time to rebuild momentum following a shut down when most staff and employees have been off work for what is often the longest period of the year. While businesses have their problems getting up to speed, they are also more likely to…
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What Does The New Pre-Action Protocol Mean For Creditors?
The New Pre-Action Protocol introduced on October 1 by the Ministry of Justice has slipped in barely unnoticed but it will almost certainly make debt recovery harder when dealing with individual debtors. If you are in the midst of considering a claim against an individual or even a sole trader, the claim will now need…
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How To Improve Your Debt Recovery Processes
Late payments can have a major impact on business survival therefore it is crucial that an effective process is in place to tackle the problem before it gets out of hand. As with any effective operation, preparation is the key and there is a lot that can be done to streamline your business debt recovery…
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New Research Highlights the Importance of Getting Paid on Time
The impact of late payments on cashflow is well-known, however a recent survey shows that late payments come with additional consequences for those businesses affected. The survey of 1,233 British businesses commissioned by employee spend management firm, Concur, found that 4 in 10 of those businesses were feeling the impact of late payments. The way…
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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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Reputable Debt Collectors Aren’t Gangsters
The one thing that puts people off going to debt recovery companies is the fear they will be getting involved with gangsters who will send out some burly individuals to force people to hand over what they owe. Of course these sorts of people do still exist and in the distant past getting into debt…
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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…
