Category: Recover Payments

  • Preventing Debt in Business

    Preventing debt in a business is a critical aspect of financial management that can help ensure long-term sustainability and profitability. Here are key strategies to avoid accumulating excessive debt: In conclusion, preventing debt in a business requires a combination of proactive financial planning, responsible borrowing, prudent cash flow management, and diligent monitoring. By adopting these…

  • Why is it important to pay debt off before it gets to litigation

    It is crucial to pay off debt before it reaches the stage of litigation for several important reasons: In summary, paying off debt before it reaches the stage of litigation is essential to avoid legal consequences, protect your credit score, preserve financial freedom, minimize additional costs, and maintain peace of mind. By taking proactive steps…

  • The different types of bailiffs

    Bailiffs play a crucial role in the legal system, ensuring the enforcement of court orders and judgments. They are responsible for various tasks, such as serving legal documents, recovering debts, and executing evictions. There are several types of bailiffs, each with distinct responsibilities and jurisdictions. This article provides an overview of the different types of…

  • Tips to avoid debt

    Debt can quickly spiral out of control and become a major burden, so it’s important to take steps to avoid it. Here are some tips to help you stay debt-free: Create a budget: A budget is a crucial tool to help you manage your finances and avoid debt. Make sure you account for all of…

  • What are the causes of business debt?

    The effects of business debt can be catastrophic; without finance to pay wages, purchase new inventory or repay debts, businesses cannot function as they should. This throws a spanner in the works when it comes to developing staff skills and product/service quality – something banks take into account before offering support. It takes just one…

  • Does Debt Die With You?

    What happens to debt when you die? When you pass, your unpaid debts are not forgotten. It’s the executor of your Will that is legally obliged to distribute any remaining debt among rightful creditors. But be warned – if a debt exceeds the value of an estate it can leave those behind unable to make…

  • Paying bills and expenses after someone dies

    When someone passes away, settling their estate involves discharging all outstanding debts and managing expenses related to their death – such as funeral costs. It’s important to ensure that a deceased person leaves behind a legacy of balance for those left behind. When someone has died, their estate is liable for paying their outstanding debts.…

  • WHICH TYPE OF BUSINESSES USUALLY USE A DEBT COLLECTION AGENCY?

    Whether it is simply for advice surrounding problem invoices or for an ongoing credit control service, debt collection agencies are used by thousands of businesses of all kinds across the UK. Why do companies use external providers when it comes to debt collection and credit control: Regain time and resource to focus on newer invoices…