-
US Bank Giant To Pay Back $166 Million Over Debt-Collection Abuses
If you are a business owner who has found yourself in hot water over your debt recovery practices, then spare a thought for JP Morgan. The giant U.S. bank will be forced to pay $166 million over the abusive way it treated customers over debts according to reports on Bloomberg. The failure of…
-
Debt Management Companies Are Failing According To FCA
The Financial Conduct Authority has found that debt management companies are failing to provide the service they are being paid for and offering poor advice to indebted businesses. The findings raise issues for firms seeking the recovery of debts as well as those companies who may be struggling to pay back the money…
-
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…
