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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…
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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…
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Advice On Chasing Payments From Your Customers
No matter how good your relationship is with your customer, a refusal to pay what is owed amounts to them hanging on to money that rightfully belongs to you. If everyone took advantage of a service then refused to pay for it then then the economy would grind to a halt so non-payment…
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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?…
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Should You Use A Debt Collection Company If You Are A Sole Trader?
The number of self-employed individuals working as sole traders has increased dramatically in recent years as technology has brought new freedoms to work self employed doing a greater variety of jobs than ever before. Self-employment is no longer confined to tradespeople and high flying consultants it is just as easily available to people…
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When Is It Too Late To Recover Payments?
A common question for people seeking payments for overdue invoices from customers is when is it too late to recover payments? While we all like to think that our customers will do the right thing and pay on time, sometimes you will come up against customers who have no intention of settling their…
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3 Questions To Ask A Customer That Hasn’t Paid On Time
Sometimes customers decide not to pay, sometimes even if they have always paid on time before. When this happens it can be frustrating and time consuming trying to find out what might have gone wrong to cause them not to pay and then more time chasing the payment. Sometimes it could be all…
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Why You Should Keep Your Customer Up To Date On Late Payment Policy
If you have owned a business for a period of time, there is a good chance you have come across clients who either decide not to pay for the goods or services you provided or try to delay payments. This can sometimes set in motion a long the long and difficult process of…
