Category: Recover Your Debts

  • How is the government tackling the UK’s late payment culture?

    The government are introducing new policies to tackle the UK’s late payment culture which contributes to thousands of SMEs going out of business each year. Shocking information releasedby Bacs Payment Scheme Ltd shows that small UK businesses are facing a bill of £6.7 billion (an average of £9,000 per business) just to collect late payments…

  • 6m Brits would pay for financial advice if it was cheaper

    A study has found that almost 6m British adults would be willing to pay for financial advice if it was more affordable. As both households and businesses in the UK face a debt crisis, the results of a study suggest that many people are not getting access to the financial advice they require. The report,…

  • Rent arrears prevention tips for landlords

    Landlords should protect their cashflow by putting processes in place to reduce the risk of tenants falling into rent arrears. When a tenant misses a rent payment or pays late, it can cause serious financial problems for their landlord. Late payments have a negative impact on landlords’ cash flow, which can cause problems with paying…

  • 3 steps to determining a customer’s creditworthiness

    If you supply customers with a product or service, then offering a credit facility is a great selling point, but it doesn’t come without its risks. Whilst it is impossible to completely safeguard yourself from non-paying customers, it pays to have a system in place for checking a company’s credentials before you commit to working…

  • CCJs Issued Against Businesses on The Rise Again

    After a long period when the number of CCJs issued against businesses was in decline, the third quarter saw a sharp increase. This suggests that companies are currently far more willing to take their claims as far as a CCJ than they have been for quite some time. 32,629 business CCJs were issued in the…

  • 3 Things You May Not Know About the Enforcement Process

    If you have taken someone who owes you money to court and you win the case, then the debtor has only a limited time to pay you what they owe or face the prospect of bailiffs coming to their premises. This part of the enforcement process is governed by the following actions you may not…

  • Recovering Debt from Outside Within the EU

    Recovering debt from companies outside the UK is no easy task for the average business owner but despite the popular myth that it is impossible to recover money from foreign companies, the EU does offer similar protections to those in the UK. All this of course may change if the UK fails to reach a…

  • Lack of Awareness Of Late Payment Law Could Be Costing You Money

    Late paying customers are not only a nuisance, they can also cost your business more than the sums they owe. Fortunately there are laws to protect your business from late paying customers and it is worth reading up on them if you ever need to take advantage. So the first thing to do if you…