-
Recovering Debts From Companies Or Individuals – Which Is Easier?
Debt recovery can be a complex process with a lot of variables but there are certain things that are more likely to happen when your debtor is a company or an individual. Every case is different when it comes to debt recovery whether you are dealing with a sole trader who hasn’t paid…
-
How to Trace Business Debtors
It would be nice to imagine that whenever there is a business relationship, the company pays on time and doesn’t run away when they owe you money. Unfortunately this isn’t an ideal world – businesses change addresses and company directors disappear seemingly without a trace. If you find yourself in this type of…
-
Debt Collection Complaints Rise 50 per cent
According to latest statistics released by the Financial Ombudsman Service (FOS) the number of people complaining about debt collection has risen 50% in the last 12 months. The statistics include complaints about harassment from agencies who may have been a little too heavy in the way they have handled client cases. The results…
-
UK SMEs Less Likely To Go Under If They Credit Check
With some businesses it’s necessary to extend a line of credit to clients and customers. This is fine if those customers have a good credit rating but what happens if a company is concealing their financial problems? The answer to this is that companies are more likely to go out of business in…
-
Debt Collection Good Practice
All business whether big or small can benefit from having good practices in place when it comes to recovering debt. The main objective of debt recovery is usually to make sure that it doesn’t reach a recovery process in the first place. In other words, how can you help to make sure that…
-
Less Firms Heading Into Administration According To Deloitte
The good news this year is that less firms have gone into administration during 2014 than in 2013. The bad news is that not all sectors have done so well in the recovery. Retail has been an area that has suffered badly from the economic downturn. Large chains as well as smaller shops…
-
What Happens If A Debtor Defends A Claim
If a company owes your business money, then the first thing to do is contact them to try and recover the money owing. Sometimes, this may result in the company defending your claim against them, which will usually result in court proceedings. Your claim will be allocated to one of three tracks depending…
