How To Manage The Most Popular Excuses for Non-Payment

How To Manage The Most Popular Excuses for Non-Payment | My Debt Recovery

As a business owner, you will be familiar with the frustration of late payments. Not only do they impact your cash flow and put stress on your finances, but they can also damage your relationship with the customer. It’s important to manage late payment excuses so that you can protect your business and get the […]

Why UK Businesses Outsource Their Debt Recovery

Why UK Businesses Outsource Their Debt Recovery | My Debt Recovery

In the current economic climate, UK businesses are finding it increasingly difficult to recover unpaid debts. The debt recovery process can be daunting for businesses, especially if they have never done it before. There are many things to consider, such as which debts to pursue, how to pursue them, and what methods to use. This […]

How To Reduce The Stress of Late Payments

How To Reduce The Stress of Late Payments | My Debt Recovery

It’s the middle of the month and you’re still waiting on a payment from last month. You keep checking your bank account, but it still hasn’t come in. You start to get worried- what if this is going to be another month where you don’t get paid on time? This can be a very stressful […]

5 Credit Control Mistakes That Are Impacting Your Business Cash Flow

5 Credit Control Mistakes That Are Impacting Your Business Cash Flow | My Debt Recovery

You may be surprised to learn that credit control is one of the most important aspects of any business. After all, it is credit control that helps you to protect your cash flow and ensure that you are able to pay your bills on time.  Unfortunately, many businesses make credit control mistakes that have a […]

Which Businesses Typically Use A Debt Collection Agency?

Which Businesses Typically Use A Debt Collection Agency? | My Debt Recovery

Thousands of businesses in the UK use debt collection agencies to help with their debt and credit control. There are a number of reasons why companies might choose to use an external provider, including getting one-off support on problem invoices or having an ongoing credit control service.  We provide a number of services that can […]

3 Top Tips for Chasing Overdue Invoices

3 Top Tips for Chasing Overdue Invoices | My Debt Recovery

If you’re a business owner, then you know that chasing overdue invoices is an important part of staying afloat. Not only does it help to keep your cash flow healthy, but it can also have a negative impact on your debt collection rates if you ignore them for too long.  In this blog post, we […]

5 Simple Credit Control Tips To Protect Your Business Cash Flow

5 Simple Credit Control Tips To Protect Your Business Cash Flow | My Debt Recovery

If you’re a business owner, then credit control is something that’s probably always on your mind. You want to make sure that you’re doing everything possible to protect your cash flow and keep your business running smoothly. Maintaining a healthy cash flow is essential for any business. If your business isn’t able to pay its […]

When Is The Right Time To Reach Out To A Debt Collection Agency?

When Is The Right Time To Reach Out To A Debt Collection Agency? | My Debt Recovery

​​In English law, the limitation period for debt is six years. This means that if a customer owes you money and they do not pay up within this time limit, there are very few options available to you to recover the money owed to you. A more sensible option is to call in the experts […]

2022, The Year of Widespread Late Payments?

2022, The Year of Widespread Late Payments? | My Debt Recovery

Late payments have always been a problem for businesses, but widespread late payments have become more prevalent in the last year. These are largely due to the Coronavirus pandemic that has greatly impacted many businesses over the past few years. In addition, as many government support schemes are due to come to an end, late […]

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