When you contract with another party for goods or services to be provided to you, there are occasions where the standard of service is not as expected and conversely, the contractor ends up owing money to you. This could be where they’ve caused damage to your property or cannot finish the job which you have […]
If you are a business owner and you dread chasing certain late payers, then why not let Debt-Claims help you. With a few details about the debtor, you can instruct us to send the debtor a Late Payment Demand (LPD) for just £2.50. This is a quick and short letter that lets the debtor know […]
Whilst legal action (or proposed legal action) is an effective method of getting invoices paid, we’ve compiled our list of the best ways to collecting invoices and keep on top of problematic payers before it’s too late. 1 – stating your payment terms in advance; it may seem obvious, but a friendly upfront notice of […]
If you have outstanding invoices you may be asking yourself whether you should attempt to collect the debt yourself, use a debt collection agency (DCA) or instruct a law firm. Here are 3 main reasons why instructing solicitors to collect debt can be more advantageous: 1 – Solicitors can manage the debt collection process from […]
In the commercial world, it is not uncommon for a supplier to require a customer to provide a guarantee for payment. Generally, this is where the customer is a limited company and the guaranteeing party is a person, usually a director. However, a guarantee can be provided by one company on behalf of another, or […]
Whether you have loaned money to a customer as a financial provider, or to a friend or colleague on a private basis, not being repaid on time not only causes you significant problems with you own cash flow, but it can put a detriment on the relationship you have with the borrower. So how can […]
One of the most common debt recovery problems that we see is where a customer has not paid a creditor for goods or services which the creditor has supplied to a customer. Often, to add insult to injury, the customer has then re-sold or used the goods during their business and profited from it. Wondering […]
Similar to our article on debt recovery for goods sold and delivered and services provided, another common debt recovery problem that we see a lot of it that is money owed for goods hired to customers. As with goods sold, goods hired to customers are often used by the customer immediately, meaning that they benefit […]
Fixed solicitor costs generally refer to a set fee that a solicitor will charge you for certain actions, the term is also used to mean fixed costs that are recoverable from the debtor. As a creditor, you should pay particular attention to these costs vis-à-vis the cost that you are being charged by a solicitor […]
