Category: <span>Interest</span>

Dec 19 2023 19th December 2023 19th December 2023 by admin

How to prevent utility debt

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Avoiding utility debt is crucial for maintaining financial stability and preventing unnecessary stress. Utility bills, including electricity, water, gas, and internet, are recurring expenses that can accumulate and lead to debt if not managed carefully. Here are several strategies to help individuals and households avoid utility debt: Budgeting and Planning: Develop a comprehensive budget that…

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Oct 10 2020 10th October 2020 22nd October 2020 NoComment by admin

Pre-Legal Debt Recovery

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What is Pre-legal Debt Recovery? The service is designed to collect outstanding debts without the use of legal proceedings. Our highly experienced negotiators use a combination of letter and telephone collection techniques to obtain early payment. Pre-legal Debt Recovery Team provide UK landlords and businesses immediate outsource solutions for unpaid invoices, former tenant arrears across both…

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Apr 25 2020 25th April 2020 12th May 2020 NoComment by admin

HOW TO AVOID LATE PAYMENT DISPUTES

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While you may not encounter them often, disputes over payments can become a major problem and lead to your non-paying client or customer coming up with excuses not to pay you. To avoid this happening it is necessary to identify why these late payment disputes happen and close any loop holes that can be exploited…

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Sep 03 2019 3rd September 2019 3rd September 2019 NoComment by admin

How long do unpaid invoices remain valid for?

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Many SMEs are consistently paid late by their debtors, but just how long do those unpaid invoices remain valid for? UK businesses are currently suffering at the hands of the country’s late payment culture. One third of the UK’s SMEs say that their invoices are not paid until two months after the agreed payment terms….

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Aug 05 2019 5th August 2019 12th August 2019 NoComment by admin

How to charge interest on late payments

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Charging interest on late payments is an effective way of protecting your business’ cashflow. UK businesses of all shapes and sizes are suffering due to the country’s late payment culture. 80% of small businesses are paid late, and on average, SMEs are owed £6,142in late payments at any one time. Being paid late can have…

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