HOW TO SHOUT LOUDEST WHEN CHASING SME DEBTS
After years of successive governments stressing the contribution SMEs make to the nation’s economy and pledging to take action on issues like business rates, punishing quarterly rents and SMEs’ exposure to late payment by their suppliers, you might think local authorities would be taking it easy on those SMEs who fall behind on their own payments.… Read More
Are debt collection agencies regulated?
Companies throughout the UK, whether they are a recent startup, SME or have been established for sometime, will more than likely find themselves in the situation where a client hasn’t paid for their services or products. Whilst this is a very frustrating situation to be in, this is where a company like CPA (a professional debt collection agency) can help.… Read More
Make your payment terms strictly 30 days
Making your payment terms strictly 30 days is a simple but effective way to maximise your cash flow – it doesn’t put customers under undue pressure by expecting them to pay upfront, but it also doesn’t reward those who fail to pay on time.… Read More
Top 10 Ways To Always Get Paid
It can seem like getting paid on time for a job well done should be a no-brainer, but sadly it’s not that easy
Here are our top 10 ways to make sure your customers pay you on time as often as possible.… Read More
How do I Find Someone who has Disappeared?
How do I Find Someone who has Disappeared?
Photo Credit: Jeffrey Beall via Compfight cc
If your debtor has ‘done a runner’ with your money, you have every right to want to know where they are, what they’ve done with your money, and whether you can still legally claim it back.… Read More
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Photo Credit: Jeffrey Beall via Compfight cc
If your debtor has ‘done a runner’ with your money, you have every right to want to know where they are, what they’ve done with your money, and whether you can still legally claim it back.… Read More
5 Benefits of Having a Credit Controller
You might think you’re pretty good at keeping on top of your credit control – and lots of people are, to be fair – but that doesn’t mean you couldn’t still benefit from having a credit controller to take care of it for you.… Read More
How to recover debt from a limited company
A limited company, by its very nature, is designed to provide some protection against legal claims – meaning the individuals who run the company might not be held liable for the failings made by the company itself.
This can seem unfair, especially if you know the individual concerned was personally responsible for failing to pay you what you were owed, but ultimately it might be impossible to make them pay, especially if the company has been wound up.… Read More
5 Benefits of Credit Control
We’re always happy to talk about the benefits of credit control, as it’s an important way for businesses of all sizes to protect their revenues and profits.
But if you’re still not switched on to the importance of credit control, here’s a summary of five of the most compelling reasons to put consistent credit control strategies in place.… Read More
The Top 10 Excuses for Non-Payment
A shortlist from Best4DebtCollection.co.uk runs through the ten most common excuses for non-payment – and it will come as no surprise to anyone who has been in business for a while.
Top of the list, which was published on UK Debt Collection News, is the excuse that the debtor is waiting for their own customers to pay before they can meet the cost of their invoice – although there is no legal reason why this should be a valid defence.… Read More
What is the Role of a Collection Agency in Debt Recovery?
A collection agency is a third party collector hired by creditors to recover their debts. The collection agency can include the original creditor who collects debts using a different name. Collection agencies can also include companies with the sole purpose of debt purchase and collection.… Read More
