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What To Do If Not Been Paid | How To Recover Your Money

What To Do If Not Been Paid | How To Recover Your Money

What To Do If Not Been Paid | How To Recover Your Money

Businesses of every size are affected by non-paying clients for many reasons. The money you’re owed might be a result of an unpaid invoice. Or, you might be waiting for a client to repay an unlawful deduction on a payment.

For many self-employed people, this is a big issue and one that can often be problematic to resolve alone. They might be waiting for an employer to pay, or are trying to resolve a dispute with a contract of employment.

Is your business in a position where your clients are not paying their invoices? If so, you may not be 100% sure about your next course of action. Many people often believe that they have to accept the final pay their client offers. Or, in even more stressful circumstances, they think they can only leave the job they are working on entirely.

A lot of businesses attempt to resolve the issue in-house, tasking credit control teams with chasing down payments. However, there are a lot of regulations surrounding what can and can not be done when recovering an outstanding balance. As well as this, these rules can change depending on the location of your debtor.

For example, England and Wales have some slight differences to Scotland in terms of debt collection. If your debtor is in another country entirely, it is often better to speak with a specialist international debt collector sooner.

Every business that has provided goods or services is entitled to be paid. You should always challenge deductions from your wages and invoices, as well as check if your employer is honouring your agreement. In many cases, the employer is most often a larger business than your own.

What To Do If Not Been Paid | Get Expert Help From Debt Collectors Now

If you need help with the Recovery of Debt, our friendly team of Debt Collection Experts is happy to help you today,

SPEAK TO A DEBT COLLECTION EXPERT

What to do When a Customer Won’t Pay – Instruct a Debt Collection Agency

When a client owes money and is refusing to pay, it can be a very frustrating experience. Getting a client to pay on time is hard enough. For those that simply will not pay no matter what, finding a cost effective solution is often an unwanted headache.

For many, taking your case to the small claims court is the only perceived option. Or, alternatively, others seek to use the money claim online service. Whilst these can be helpful in some cases, they are usually very expensive. This cost can affect an already strained cash flow even more, and so it is common to write off a debt.

For those businesses, self-employed people and freelancers that are owed money, a solution exists. This is in the form of a professional debt collection agency.

Federal Management, for example, is the UK’s leading and best-rated commercial debt collection agency. We provide a low cost, bespoke and effective service for those companies that are owed money.

Every case is unique, and our expert debt collectors provide a fully comprehensive, accredited and diligent service. The end result is our ability to deliver the best debt recovery collection rates in the UK.

For more information, speak to our friendly debt collection experts now for a no-cost, no-obligation pre-action assessment.

What to do if Not Been Paid – Frequently Asked Questions

My Debtor is in Another Country, Can I Still Get My Money Back?

Many debt collection agencies specialise in recovering money from overseas. Federal Management is the UK’s leader in international debt collection. Speak to us today.

Should I Seek Legal Advice if I am Owed Money?

Taking court action is a common course of action, but it can often be very expensive. This cost might rule it out as an option for some companies. Regardless of the case, you should always consider instructing a debt collection agenc. They will provide an effective service at a low cost.

My Client Has Got Several Failures to Pay, What Can I Do?

If you have attempted to recover money from a non-paying client, contact Federal Management now. We will be able to advise you of the best course of action depending on your unique circumstances.

How Much Does it Cost to Recover a Debt?

The cost of collection depends on the circumstances of the debt itself. Each case is different and must be priced according to its own merits. For more information, speak to one of our friendly debt collection experts.

How Long Does it Take to Collect a Debt?

Like the cost of debt collection, the length of time required to collect it depends on the individual case. Our debt collectors perform a complimentary pre-action assessment of the debt. This gives our clients a clear indication of their recovery prospects.

What To Do If Not Been Paid | Get Expert Help From Debt Collectors Now

If you need help with the Recovery of Debt, our friendly team of Debt Collection Experts is happy to help you today,

SPEAK TO A DEBT COLLECTION EXPERT