What is the difference between bad debt and doubtful debt?
Posted in Avoiding Debt, Business Debt, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Late Payment, Late Payment Law, Recover Your Debts, Recovering Debt, Small Businesses, SMEs
Knowing the difference between bad debt and doubtful debt can help to prevent financial loss to your business. Today’s uncertain economic climate is having a negative effect on UK business payment practices, with a recent study finding that 35% of invoices remain overdue on their due date. Late or non-payment of an invoice is an…