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Can I Still Collect a Debt If I Have No Written Contract?
Many people mistakenly believe that a written contract is the only way to legally enforce a debt. While this is the ideal scenario when it comes to collecting a debt, it doesn’t mean that you can’t recover an overdue debt without one. In this blog, we’re looking into other forms of agreement that you can […]
Debt Recovery During the Festive Period
We’ve made it to December, and the festive season is fast approaching. But amidst all the holiday cheer, let’s not forget about those pesky outstanding debts. While it may sound a bit ‘bah humbug!’ to chase a debt during the holiday period, it’s still worth it. After all, you deserve to be paid and not […]
When to Seek Professional Debt Recovery Services
Chasing unpaid invoices can be a time-consuming and frustrating task, especially when debtors are unresponsive or uncooperative. We often find that our clients recognise that they need some assistance, but they’re not sure when the right time to instruct a commercial debt recovery agency is. Here are some key indicators that could signal the need […]
The Impact of Uncollected Debt on Mental Health
On 10th October, we celebrate World Mental Health Awareness Day. This year, with the theme set by the World Federation of Mental Health being workplace mental health, it’s an opportune time to discuss a significant factor that can negatively impact our well-being: uncollected debt. Late payments are a universal frustration, but for businesses, they’re more […]
Debunking Debt Recovery Myths
Debt recovery is an important part of any successful business. After all – if you provide a product or service to a customer, you deserve to be paid! However, debt recovery can carry a negative stigma, perpetuated by Hollywood stereotypes and misconceptions. This can make it difficult for businesses to pursue debt recovery solutions, often […]
Building a Financial Safety Net
What’s one way you can prevent your business from falling into debt? Building a financial safety net! Just like an individual, a business needs a cushion to fall back on during tough times. A financial safety net can be the difference between weathering the storm and sinking beneath the waves. But what exactly is a […]
Is it Worth Chasing My Debt? Here’s How to Decide
Outstanding invoices can be a real headache for businesses of any size. You put in the hard work, and you deserve to get paid. The question then becomes: Is it worth chasing the debt? Or should I cut my losses? In this blog, we’ll explore the questions to consider before you decide to chase your […]
What Evidence Do I Need to Collect a Debt?
Being owed money can be a stressful situation. You provided a product or service, and now you’re left waiting for payment. If you’re at the point where you need to consider debt collection services, the first question is likely: what evidence do I need to prove I’m owed money? Having strong evidence is crucial for […]
Overdue Invoices – How to Reclaim What’s Yours
Overdue invoices are a pain. They tie up your cash flow, create unnecessary stress, and can damage client relationships. But when faced with one, what’s the best course of action? In this blog, we’ll explore your options for recovering what’s rightfully yours. 1. Gentle Reminder First things first, don’t let overdue invoices linger. A prompt […]
The Hidden Cost of Uncollected Debt
We all know the frustration of dealing with late payments. But for businesses, uncollected debt can be much more than just a minor annoyance. It can represent a significant hidden cost that eats away at profits and hinders growth. In this blog, we’ll explore the true impact of uncollected debt on businesses and why prioritising […]
