debt recovery

This tag is associated with 2 posts

How To Chase Money You Are Owed

For many reasons in business, companies often find themselves having to chase the money owed to them by customers. Late payments affect cash flow and cause unnecessary stress and worry. Therefore it is important that you take a few simple steps to try and eradicate the problem before you have to take steps towards debt recovery. Firstly, make sure your customer is aware and understands your credit terms and always print them clearly on every invoice you send. As soon as the invoice becomes overdue make a call to give a gently reminder for payment. If payment is not then … Read the rest

A Quick Guide For If The Debt Collector Calls

For many reasons people find themselves in the firing line of a debt recovery company. This can be a worrying time and you might feel that you cannot get your head above water and do not know where to turn. If a debt recovery contacts you, they should state who they are, who they are working on behalf of and why they are contacting you. They should speak to you in terms you understand and not try to barrage you with legal speak and confusing terms. A debt collector can only enter your home if you invite them to do … Read the rest