Tag: Debt Collection Agencies

  • 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…

  • How To Make Sure You Keep Up With Invoicing In 2019

    Did someone once say ‘a successful business always collects its payments on time’? If they didn’t, then we’re saying it because collecting payments when they are due is essential to maintaining cashflow in a business. Here are out top tips to make sure you start the year of right. Keep detailed records about your customers…

  • Is Your Client Too Big to Fail?

    There is a certain amount of comfort to having larger business clients you tend not to get from dealing with smaller more volatile businesses. This often comes from the false belief that this sort of client is too big to fail. Unfortunately, this belief can be misplaced leading to complacency and lack of planning for…

  • Is It Time to Recover Those Historical Debts?

    Most successful businesses will have to deal with write offs at some point and for some it can be a regular problem in every financial year. Write offs happen when a business simply writes off unpaid invoices because pursuing payments is seen as not being worth the effort or it will end up costing more…

  • Taking Your Client to Court Over Debts

    Legal proceedings are not to be taken lightly and even more so when it comes to debt recovery and there are pros and cons to be considered when it comes to recovering the money a client owes you. To put it bluntly, taking your client to court is pretty much guaranteed to destroy the relationship…

  • Should You Offer Your Late Paying Customer A Payment Plan?

    In an ideal world all of our clients would pay us on time and in full. Unfortunately sometimes this isn’t the case for all sorts of reasons some of which may be legitimate while others are simply delaying tactics. Telling in the difference between the two can be hard but as a general rule you…

  • Don’t Give Up Chasing That International Business Debt

    With all this talk of Brexit you can be forgiven for thinking anything involving international business is fraught with red tape and hostile foreign nationals out to get us. In some cases you may be right and it can be much more difficult to recover debts from customers abroad than here in the UK. To…

  • Should You Use Social Media To Get Your Invoices Paid?

    There is little doubt that social media has brought about revolutionary changes in the way we communicate with each other. Even the US president uses it as a way to communicate his thoughts about other world leaders and the issues of the day so does that mean it’s ok for business owners to use it…