Advantages to a Solicitors Letter 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 late payment affects the cash-flow of your business

As most business owners and CFOs know, cash flow is the life blood of a business. Without cash flow a business will cease to exist. It is therefore important for all businesses, large and small, to manage their cash-flow effectively. One common threat to cash flow that many credit controllers will recognize is late payments, which can do significant harm to a business. Here, we look at why cash flow is important and how cutting down on late payments can help improve things.

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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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Debt Collection: Why a Letter Before Action Is So Effective

Businesses often wonder how effective a Letter Before Action (LBA) actually is compared to sending their own warning letters to their debtors. After reading this guide you will uncover the true reasons as to why LBAs are so effective

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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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4 Reasons Why an Invoice Isnt Paid On Time

Alot of businesses find themselves wondering why their invoices arent being paid on time. This article will outline 4 reasons why your debtor isn't paying you. With the ever changing economy, some business will go through tough phases in their financial year which could lead to invoices not being paid. However, theres usually underlying reasons as to why they dont pay you on time. 

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