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14 common misconceptions about debt recovery The television guide seems to be full of programmes about bailiffs, debt collectors and sheriffs collecting what’s owed to their clients, but there’s a lot of dramatisation which probably makes debt recovery services look a lot more terrifying than they really are. We’ve taken the time to dispel some…
Details10 compelling reasons why you need Credit Control Let’s face it, late payments and the debt collection process can be quite stressful for any business, whether a sole trader, SME or a larger outfit. With a recent study confirming that SMEs in the UK are owed £14.2 billion in late payments, it is unlikely that…
Details10 surprising facts about doorstep debt recovery When you have a debtor you or a debt collector can use a lot of means to contact them to ask them to pay the debts they owe to you. One of these methods is to send a debt collector to your home to visit them in person.…
DetailsChanging a culture of late payment If your company suffers because of a culture of late payment then it is important to try and change this. Late payment cultures arise because of cash flow management processes, but they can hurt your business by limiting your cash flow too. Herein we consider how you can tackle…
DetailsThree reasons debt collection agencies provide a vital service When mentioning debt collection agencies to members of the public, on occasion the reaction can be fairly negative. People very often have a stereotypical idea of the burly and threatening debt collector with his shaved head and imposing build, scaring the life out of old-aged pensioners…
DetailsLost without a trace: when clients go under the radar Doorstep debt recovery can be a highly effective way to regain owed funds from clients. But what happens when the person answering the door is not the debtor at all, and your client seems to have vanished off the face of the earth? Indeed, once…
DetailsHow to use the threat of a debt collector No one wants their debts to be in the hands of debt collectors, but for whatever reason, that’s where a lot of them end up. Collecting bad debts isn’t a place where a company or an individual wants to be either, but the threat of debt…
DetailsBenefits of Outsourcing Debt Collection Services With so many things to consider when running a successful company, the last thing business leaders want to be spending their time on is chasing after owed debts. It can be incredibly time-consuming and prevents business leaders from focussing on what they’re best at – consolidating and expanding their…
DetailsThe Pre-Action Protocol For Debt Claims – 6 months on Back on October 1st, 2017, the Ministry of Justice released a new Pre-Action Protocol for Debt Claims, and despite it now being just over six months since these changes came into effect many companies still aren’t quite sure how to implement them. Who does…
DetailsTips for managing credit control, day-to-day Managing credit control is a long-term process, especially if you want to do it right. For small businesses, this can be daunting, and it often isn’t your main concern as an owner or proprietor. Fortunately, there are some basic rules that can help you to manage your credit, both…
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