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A Third-Party Debt Collector is Never Cost-Effective…Or Is It?

If you are in business long enough, the need for a debt collector will become inevitable. When it is time to collect on unpaid debts, you can eithertry to handle everything yourself or outsource your collection efforts to a third party.

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5 Steps to Increase Your Cash Flow at Christmas

The month of December is the most pivotal month of the year for many companies. With many companies closing their doors between Christmas and New Year's Day, year-end payments are often not processed until mid to late January. 

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Lovetts Rated Highly By Law Society For Excellence In Legal Practice Management And Client Care

At Lovetts we've been awarded the Law Society's top accolade of Lexcel Accreditation for our personal and business debt collection services.

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Help Protect Yourself From Payment Disputes by Including Payment Terms at the End of All Your Correspondence

Imagine this situation: a sales person has skilfully closed a high-value deal, only to allow the customer to dictate payment terms at the last minute. Oooooops…

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Disappearing debtors: Improving Your Chances of Successful Debt Collection

Sometimes a debtor will change address without notifying creditors, leaving those creditors feeling pretty helpless as far as debt collection goes. 

As a creditor it might seem like they have gone for good, but remember: nobody really disappears off the face of the earth.

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Why A Bounced Cheque Or Direct Debit Mandate Is A Debt Collection Smoking Gun!

When you're in business a bounced cheque or direct debit can feel like a major blow. However, it's not all bad news… That's because the payment failure represents solid evidence, not only that you are owed money, but also how much.

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Debt Recovery: Using A Third Party Debt Order

Debtors are becoming more sophisticated in avoiding enforcement of a debt. This is partly due to the exchange of information through some online forums. However, there is always a solution to every problem. There are many enforcement options, one of them being a Third Party Debt Order, formerly known as a Garnishee Order. Here, we focus on the pros & cons and other relevant details of Third Party Debt Order.

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Understanding Retention Of Title – Cash Or Goods

Retention of Title is a clause found in a variety of business terms and conditions. It's imperative to understand what it means as it can affect the business relationship considerably if payment is not made by the customer.

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Civil Court Structure Review - Final Report

In February 2016, A Civil Courts Structure Review – Interim Report was published by Lord Justice Briggs which proposed an Online Court and effectively raising the small claims threshold to £25,000. The proposal was potentially the biggest shake-up of the Court system in almost 20 years. 

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Don't get bogged down in payment disputes. Get the undisputed amount paid first and then go after the rest…

When it comes to payment disputes it's easy to take things personally. After all, you've kept your side of the bargain and the non-payment can feel like a slap in the face.

At this moment it's important to take a step back and look for the positives.
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Court Fees For Enforcement And Official Receiver Deposits Set To Rise

The Ministry of Justice have confirmed that following a debate in the House of Lords on 20th July 2016 and the swearing in of the new Lord Chancellor, Elizabeth Truss, there will be an increase to some Court fees from 25th July 2016 following the approval of the Civil Proceedings, First-tier Tribunal, Upper Tribunaland Employment TribunalsFees(Amendment) Order 2016.

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Insolvency Payout Priority

When a company has a major financial issue, they can become insolvent. Insolvency comes into effect when the company doesn’t have enough cash to pay its debts on demand.

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