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

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

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 …

Continue Reading Article

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 …

What is the current statutory interest rate on late payments?

What is the current statutory interest rate on late payments?

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 …

Continue Reading Article

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 …

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.

clock ticking

In most cases, if …

Continue Reading Article

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 …

What is a Letter Before Action?

What is a Letter Before Action?

 

deadline

Several debt recovery news articles over the past few days have mentioned the positive effects of a ‘Letter Before Action’, but what exactly is one of those?


Continue Reading Article

 

deadline

Several debt recovery news articles over the past few days have mentioned the positive effects of a ‘Letter Before Action’, but what exactly is one of those?


BCC: No need to raise rates

BCC: No need to raise rates

stop

The Bank of England this month opted once again to maintain the base rate of interest at its historically low level of 0.5% despite growing expectations of a rise – so what does this mean for businesses?


Continue Reading Article

stop

The Bank of England this month opted once again to maintain the base rate of interest at its historically low level of 0.5% despite growing expectations of a rise – so what does this mean for businesses?


Aged debts – how much can I recover?

Aged debts – how much can I recover?

debt

Recently we’ve been talking about aged debts, which is not an entirely technical term but loosely means anything you might normally give up on, or anything that’s getting close to the six-year cut-off point put in place by the statute

Continue Reading Article

debt

Recently we’ve been talking about aged debts, which is not an entirely technical term but loosely means anything you might normally give up on, or anything that’s getting close to the six-year cut-off point put in place by the statute