When a small company has submitted their account for the latest project they have finished for the large company it may come as a surprise to see that by the last payment date it has not been paid. This will be especially worrying if the large company has been a long term client of the [...]

Continue reading " Alternatives To Conventional Debt collection For A Small Company Which Has An Overdue Invoice With A Large Company. "

When a small enterprise has done jobs for larger enterprises and one or more has defaulted on the latest invoices, the costs of dealing with this via solicitors skilled in Debt collection or Debt collection organisations can be high in comparison to the funds available to the small enterprise. In these situations the small enterprise [...]

Continue reading " How A Small Business Can Keep Debt Collection In-House And Deal With A Large Business That Is A Late Payer. "

If the small firm has been doing jobs or delivering equipment to the larger firm for some time, perhaps years, the likelihood of a late settlement now and again might be fairly high, after all we all make mistakes don’t we? However in the current financial climate, the small firm might need completions promptly from [...]

Continue reading " The Pros And Cons Of Debt Collection Strategies Available To A Small Firm Which Is Chasing An Unpaid Bill With A Larger Firm. "

If a small company is looking to gain experience in Debt Collection this might be for a variety of reasons. They might be short of revenue and need to get the latest bill sent to the large company paid at the best value price. While they might have had bad debts in the past and [...]

Continue reading " Is Gaining Experience In Debt Collection Worth The Trouble For A Small Organisation Awaiting Payment Of An Invoice For The Last Jobs Done For A Large Organisation? "

The Late Payment of Commercial Debts (Interest) Act 2002 is described on the Office of Public Sector Information UK government website as “An Act to make provision with respect to interest on the late payment of certain debts arising under commercial contracts for the supply of goods or services; and for connected purposes.” The act [...]

Continue reading " Making Use Of The Late Payment Of Commercial Debts Act For Debt Collection From A Valued Customer. "

In situations where a small company has provided services or items to a larger company over a long period of time and has been paid without trouble in the past, it might come as a major problem when the latest invoice goes beyond the final payment date. The small company might be thinking about Debt [...]

Continue reading " Debt Collection Tactics For Small Companies That Have Accounts Outstanding With Larger Companies. "

In the vast majority of times the first move that a creditor should take when an invoice is unsettled after the accepted credit period is to get in touch with the debtor, by way of a phone call, personal visit or non-threatening letter. If any of these approaches do not make the debtor pay the [...]

Continue reading " When A Direct Contact Fails To Obtain Settlement For An Overdue Bill, What Can The Creditor Do Next? "