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UK Businesses Lose 133 million Hours a Year Chasing Late Payments
Are you losing the most irrecoverable resource? For countless small businesses in the UK, the task of chasing overdue invoices has become an unwelcome aspect of daily operations. Recent research from 2025 reveals that the cost of late payments extends far beyond the financial impact; it’s affecting time, mental well-being, and future growth in ways […]
The Future of Debt Recovery: Why Technology Supports but Never Replaces Expert Services
Discover how AI and automation are shaping debt recovery in the UK. Learn which tools can help businesses manage overdue invoices and why professional services from My Debt Recovery remain essential for achieving optimal outcomes. Late Payments in the UK: A Growing Challenge Unpaid invoices are a significant problem for UK businesses. Research indicates […]
Six Years and Counting!
If this was a wedding anniversary, the gift would be iron! Thankfully, it’s a work anniversary, so the present is cake! My name is Hannah Witt. I am delighted to have been in my role for 6 years this month. Time flies, especially when you consider the pandemic. So what have I been doing all […]
Expert Strategies to Recover Outstanding Debts
Recovering debts efficiently is not merely about persistence; it involves using clever, often overlooked tactics that give you the upper hand. Whether you are a business owner or an individual, these practical strategies can help expedite debt recovery and enhance your cash flow. Plan and document everything Establish a clear debt recovery plan before issues […]
Choosing the Right Debt Recovery Partner
When unpaid invoices start to accumulate, it can be tempting to choose the first debt recovery service that promises quick results. However, not all providers are the same, and selecting the wrong one can do more harm than good. While securing payment for what you’re owed is crucial, your business’s reputation, client relationships, and integrity […]
Why Being ‘Too Nice’ About Late Payments Can Hurt Your Business
In business, relationships matter. Companies pride themselves on being approachable, understanding, and flexible with their clients. But when it comes to unpaid invoices, being “too nice” can quietly cost your business time, money, and even credibility. At My Debt Recovery, we often find business owners who delayed action because they didn’t want to “rock the […]
How to Handle Common Late Payment Excuses
As a business owner, few things are more frustrating than chasing late payments. Not only do they disrupt your cash flow, but they can also put a strain on customer relationships. Unfortunately, excuses for non-payment are all too common, and if not managed correctly, they can delay your ability to get paid indefinitely. In this […]
Implementing a Payment Plan For Debtors
When it comes to recovering a debt, offering a structured payment plan can be a simple, effective solution. Not only does it help a business to recover overdue invoices, but it also provides debtors with a manageable way to pay off their debts without significant financial strain. In this blog, we’ll explore what a payment […]
Can I Charge Interest on Late Payments?
Did you know that you can charge interest on unpaid invoices? It’s a completely legal way to recover compensation on money owed to you – as well as a great incentive some debtors need to pay their debts before being charged more. In this blog, we’re explaining the law when it comes to charging interest […]
How to Overcome Cash Flow Issues
Good cash flow management is critical for any business’s success, regardless of size or industry. It’s a harsh reality that even the most established and profitable companies can crumble if they don’t have the cash available when they need it most. What is Cash Flow? Cash flow is the amount of money coming in and […]