Debt recovery vs. small claims court – which should I use?

Most people know that when chasing a debt, the options include debt recovery via a specialist debt collections company, or taking the debtor through the small claims court and trying to get a judgment ruled against them to force payment. But you might not immediately know which debt collection method you should use, or which is the best first course of action to get your money back as quickly as possible.… Read More

What is the current statutory interest rate on late payments?

If you have clients who owe you overdue invoices, it’s important to know the current statutory interest rate on late payments, so that you can chase for payment of the full amount you are entitled to by law. There are three sums of money you can add on top of the original amount you invoiced for: • A fixed sum of £40, £70 or £100 depending on the amount owed.… 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