Category: Debt Recovery

  • 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…

  • 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…

  • 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…

  • 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…

  • What Is A Charging Order?

    There will be times in business where you encounter clients who continue to refuse to pay what is owed even after a case has gone to Country Court and a judgement has been made in your favour. Fortunately, if the debtor is particularly stubborn in settling their debt it is still possible to get hold…

  • 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…