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What advantages does a Solicitors Letter hold over other debt collection practices?

Collecting debts can prove to be a tricky task. Many of our clients voice concerns about the difficulties of chasing a debt, without chasing away their clients. Indeed, debt collection practices have come under increased scrutiny in recent years, with many people expressing a negative opinion towards unorthodox debt recovery methods. Here, we look at why a debt recovery letter from a solicitor may be more beneficial to you than a letter from a debt collection agency.

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How To Deal With Late Invoice Excuses : Guide to Debt Recovery

Late payment is a common problem for all businesses such as accountancy firms, recruitment agencies and contractors.. Large companies aren't excused from urging businesses to pay suppliers on time and calling for small firms to pursue those who put them at risk by delaying this frustrating everyday occurrence either..Here we reveal the most common excuses for late invoice payments  and how you can deal with them. 

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4 Things To Consider When Recovering Debt

Recovering debts is never easy. Even for big corporations with fancy legal departments and scary letters . Having specialized in debt recovery for over 20 years, we have written 4 things you should consider when recovering your debt.

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The Necessary Steps In Debt Collection

If you're reading this you're probably wondering how you're ever going to recover debts from unwilling debtors. Recovering debts is never an easy step for many businesses to take because of how time consuming it usually is. This is why we have issued out clear and easy steps to recovering your debts. After reading this, you will know the necessary steps to take when looking to recover your commercial debts.

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A Sole Trader/Individual Wont Pay Debts? : Pre Action Protocol

Alot of businesses are familiar with sole traders / individuals who simply cant pay their invoices on time. There are many reasons why sole traders dont pay such as lost invoices, unexpected clauses they didn't read into to unexpected charges that they could not afford. Regardless of the reasons, as a business you need to be resilient in terms of receiving payments from individual/sole trader debtors

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How to Chase an International Business Debt

 

When looking to recover debt owed internationally, businesses never consider how difficult it is to recover money from a customer who is not only in a different time zone to you but also has different laws and customs to abide by. Its not as simple as putting on your best Liam Neeson impression on the phone to a debtor. Here are the steps to take when looking to recover a business debt internationally.

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The Famous Four reasons to outsourcing debt recovery

 

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How Did Some Carillion Suppliers Avoid Writing Off £290k of Bad Debt?

On 15th January 2018, construction giant Carillion announced they were going into liquidation, putting 43,000 jobs at risk worldwide and leaving a large number of sub-contractors and suppliers out of pocket.

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