How SMEs Can Effectively Pursue Commercial Disputes

How SMEs Can Effectively Pursue Commercial Disputes | My Debt Recovery

SMEs are the backbone of the UK economy, and when they face difficulties due to late payments and overdue invoices, it has a knock-on effect on the whole country. SMEs are currently suffering from cash flow problems as a result of these issues. So it is crucial that they take steps to tackle disputes about […]

Tired Of Hearing Late Payment Excuses from Customers?

Tired Of Hearing Late Payment Excuses from Customers? | My Debt Recovery

Are you tired of hearing late payment excuses from customers? Sadly, many firms and individuals who are owed money get used to receiving explanations and apologies for delayed payments. It can be extremely frustrating to deal with customers who don’t pay on time, especially when you’ve done everything you can to accommodate them. In this […]

Court Proceedings for Debt Claims: Dos, Don’ts, and Delays

Court Proceedings for Debt Claims: Dos, Don'ts, and Delays | My Debt Recovery

If you’re owed money, it’s important to take the necessary steps to get the debt repaid. This can often include issuing court proceedings for debt claims to recover the money owed. However, there are a number of things you need to bear in mind before taking this step. In this blog post, we’ll discuss some […]

In-House Or Outsourced Credit Control?

In-House Or Outsourced Credit Control? | My Debt Recovery

There are two main ways to handle credit control in your business: in-house or outsourced. Both have their own pros and cons, and it can be difficult to decide which is the best option for your company. In this blog post, we will outline what in-house and outsourced credit control are, and discuss the pros […]

4 Top Debt Collection Myths Debunked

4 Top Debt Collection Myths Debunked - My Debt Recovery

There are a lot of myths and misconceptions about debt collection. Some people believe that debt collectors are sharks who will do anything to get their hands on money owed. Others think that debt collectors are always fair and reasonable, and will work with you to come up with a repayment plan. The truth is, […]

How to Invoice Properly | Business Credit Control Tips

How to Invoice Properly | Business Credit Control Tips | My Debt Recovery

Invoicing is an essential part of any business, yet it can be tricky to get right. Invoice properly and you could see a dramatic increase in your cash flow; invoice improperly and you could find yourself out of pocket with little to show for it! In this blog post, we’ll look at why invoicing is […]

How To Charge Interest On Late Payments

How To Charge Interest On Late Payments | My Debt Recovery

Charging interest on late payments is a legal way to recover compensation on money that is owed to you. When a customer pays their debt late, they are essentially borrowing money from you. Businesses can earn back some of the money that they have lost due to late payments. In this blog post, we will […]

Interest Rate Rise Could Help SMEs Tackle Late Payments

Interest Rate Rise Could Help SMEs Tackle Late Payments | My Debt Recovery

The Bank of England’s decision to increase the interest rate could be good news for SMEs tackle late payments. The higher rate will make it more expensive for companies to delay settling their debts, and may encourage them to pay up sooner. This could be a welcome relief for SMEs who are often struggling to […]

What To Do When An Invoice Exceeds Terms

What To Do When An Invoice Exceeds Terms

Chasing overdue invoice payments can be a hassle. Not only do you have to make sure that you collect invoices on time, but you also need to be aware of any late payment penalties or interest charges that might apply. If an invoice payment exceeds the terms of the invoice, what should you do? Not […]