Debt Collection for Recruitment Agencies

Recruitment agencies, just like any other businesses, rely on invoices being paid in a timely way to ensure that they are able to pay their staff and keep their doors open.

Recovering Debt from Overseas Customers

Late paying customers and clients can represent a headache for any business, large or small. In the case of the smaller enterprise, a cash flow crisis can quickly turn into something far more serious so regardless of the location of your customer, it is imperative that it is tackled quickly and efficiently.
While there is a

Posted by FedMan on April 25th, 2017

What to do when a client does not pay

In High street retail and most ‘point of sale’ businesses, purchases are settled upfront. In this instance, if a payment does not go through then the customer just doesn’t get the product. It is that easy.

However, most of those not in this sphere of industry operate on a ‘goods and services first – invoice after’ basis. Typically speaking, depending of course on what businesses we’re talking about, customers are given 30, 60 or 90 days to settle their invoices.

Posted by FedMan on April 20th, 2017

Why you should only be using a Professional Debt Collection Agency

Every day we hear of the problems caused when the least savvy business people opt for the ‘cheapest or a dodgy ‘no win – no fee’ option when it comes to instructing a Debt Collection Agency(DCA).
It is a simple fact that as with any sector or industry,not all Debt Collection Agencies are the same! There are some good and some bad and some very bad.

Posted by FedMan on April 7th, 2017

5 smart tips for collecting overdue Business invoices

If you are in business, then in all probability, you will have experienced late-paying customers or even customers that point blank refuse to pay anything at all. A recent study conducted by the National Federation of Independent business revealed that over 60% of small businesses have outstanding invoices that are at least 60 days old.

Posted by FedMan on April 4th, 2017

“Take action to collect owed Monies or put your Company at risk”

 
Experts are sending out the message to take action to “Collect owed monies or put your company at risk”.
More than ever, businesses are failing due to the very solvable issue of unpaid business invoices. According to R3, a leading UK trade insolvency trade organisation, almost a quarter of firms that went out

Posted by FedMan on March 22nd, 2017

Debt Collection for Small Businesses

Small businesses and sole traders rely on a steady inflow of cash from their customers to remain afloat. All it takes is a few customers to start dragging their heels on payment and a small enterprise can find itself unable to meet its own obligations.
So, if you are in this situation yourself –

Posted by FedMan on March 20th, 2017

Why use a Debt Collection Agency for your Business?

Is your company’s cash flow struggling due to non-paying customers?
Well, it will not surprise you to find out that you certainly are not on your own. Most companies do have problems getting payment when they provide a  service or product to a customer with 80% of small businesses in the UK suffering as

Posted by FedMan on March 16th, 2017

5 things you should do when a customer won’t pay!

Chasing unpaid invoices is a very timely chore and the indirect cost of such tasks are never accounted for. When you have a customer that does not want to pay, It is all too easy for frustrations to boil over.

Posted by FedMan on February 16th, 2017

7 things not to do when somebody owes you money

In the modern day United Kingdom, it is very much in your own interests to be aware of the potential problems your actions can cause when trying to get your customers to pay you. Ignorance is not an excuse and there are laws in place to protect people regardless of the situation or circumstances.

Posted by FedMan on January 24th, 2017

Sending a Business Letter before Action

When a Business has exhausted their credit control processes and an account now becomes a ‘debt’, a Letter before action can come in very handy in terms of procuring payment. Our top 10 tips will help you do your own

Posted by FedMan on January 9th, 2017