Tracing and chasing aged debts

Tracing and chasing aged debts

Just because you have lost contact with a debtor, it does not mean you have lost the option of chasing the debt – but the clock is ticking to take action before the debt becomes statute-barred.

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In most cases, if …

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Just because you have lost contact with a debtor, it does not mean you have lost the option of chasing the debt – but the clock is ticking to take action before the debt becomes statute-barred.

clock ticking

In most cases, if …

How to recover a 5-year-old debt

How to recover a 5-year-old debt

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If you’re owed a debt and have not received any payment for five years, you need to act fast to avoid the debt becoming statute-barred by the statute of limitations set out in the …

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recover old debt
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If you’re owed a debt and have not received any payment for five years, you need to act fast to avoid the debt becoming statute-barred by the statute of limitations set out in the …

5 Steps to Recover Old Debts

5 Steps to Recover Old Debts

old debts
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We’re on our way out of recession, and there’s more money flowing through the economy – making it a good time to recover old debts that you may have all but written off in …

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old debts
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We’re on our way out of recession, and there’s more money flowing through the economy – making it a good time to recover old debts that you may have all but written off in …

How soon should I try to recover a Debt?

How soon should I try to recover a Debt?

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We all know debt recovery isn’t an exact science – which is partly why a good debt collection company will treat each debtor as an individual to find the best way to get you …

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stopwatch
Photo Credit: wwarby via Compfight cc

We all know debt recovery isn’t an exact science – which is partly why a good debt collection company will treat each debtor as an individual to find the best way to get you …

Should I Outsource Debt Collection?

Should I Outsource Debt Collection?

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You might think we have a vested interest in telling you to outsource debt collection to us, but that’s not actually what this article is going to do – because whether outsourcing debt collection …

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debt
Photo Credit: GotCredit via Compfight cc

You might think we have a vested interest in telling you to outsource debt collection to us, but that’s not actually what this article is going to do – because whether outsourcing debt collection …

Late Payment Shock: They like to make you wait

Late Payment Shock: They like to make you wait

Gosport businessman Peter Darcy told BBC Radio Solent last week that, when it comes to non-payment of invoices, “there are businesses who do it on purpose and like to make you wait”.

Mr Darcy runs a business training services provider,

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Gosport businessman Peter Darcy told BBC Radio Solent last week that, when it comes to non-payment of invoices, “there are businesses who do it on purpose and like to make you wait”.

Mr Darcy runs a business training services provider,

Half of Britons’ debts rise, but many take no action

Half of Britons’ debts rise, but many take no action

Figures from the Co-operative Banking Group reveal that 70% of Britons now have debt problems, and 50% of UK residents have seen their debts worsen over the past year.

However, many people are doing little to improve their situation:

  • 12%
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Figures from the Co-operative Banking Group reveal that 70% of Britons now have debt problems, and 50% of UK residents have seen their debts worsen over the past year.

However, many people are doing little to improve their situation:

  • 12%
What is a Credit Controller?

What is a Credit Controller?

A credit controller is a person or external company whose role is to manage the employer’s creditors. Simply put, credit controllers chase customers for payment, perform credit checks on prospective customers in order to see whether there will be any …

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A credit controller is a person or external company whose role is to manage the employer’s creditors. Simply put, credit controllers chase customers for payment, perform credit checks on prospective customers in order to see whether there will be any …

Aged Debtors Tips & Shocking Statistics

Aged Debtors Tips & Shocking Statistics

In a study by Camrose Consulting Ltd of 6,000 UK companies with a turnover between £2 million and £17.5 million, 42% were shown to have debtors in excess of 60 days.

As a way of getting to grips with your …

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In a study by Camrose Consulting Ltd of 6,000 UK companies with a turnover between £2 million and £17.5 million, 42% were shown to have debtors in excess of 60 days.

As a way of getting to grips with your …