How Debt Relief Orders Impact on Debt Collection
17th June 2019
Find out how Debt Relief Orders (DROs) impact on businesses trying to collect debts from consumers.
Dealing with Debtors: When Is It Acceptable to Compromise?
15th June 2019
When trying to recover money you're owed from debtors, the wisest course of action is often to compromise. Allowing your debtor more time to repay or agreeing to accept a reduced sum may actually better serve your interests.
Debt Collection: The Impact of IVAs
12th June 2019
Specialist Debt Collection Agency P&J have noticed a significant rise in the number of IVAs debtors are now taking out and how much harder it becomes for small businesses to recover the money they are owed. P&J's observations are echoed throughout the UK. 2012 saw a significant increase in the number of people taking out IVAs and consequently, there has been a similar spike in insolvencies.
Contracts: How They Help Recover Debts
15th May 2019
The use of good, clear contracts is an important and well established business practice. Not only do they establish and regulate business relationships, but they are also extremely useful in the debt recovery process.
How To Trace A Missing Debtor
12th May 2019
Bad debts are becoming a significant problem for many businesses under the shadow of the recession. The solution is to nip the problem in the bud and stay on top of debtors before it threatens your own ability to pay suppliers. It isn't always easy to recover payments though - especially when a customer is difficult to get hold of. When posted communications are returned, phone numbers ring unanswered or emails bounce, you may need to call in the help of a tracing agent.