Latest debt recovery news
According to recent analysis completed by ‘Funding Options’, the increasing focus by the government on generating income through VAT, is creating cashflow difficulties for many …
Posted: February 9th, 2018
Know your customer This is the most important aspect of effective credit control. Before entering a business relationship you must always verify your customer and …
Posted: December 31st, 2017
All too often businesses provide credit to customers without having terms and conditions in place to protect both them and the customer. There is no …
Posted: October 18th, 2017
Creditors need to be aware and prepare themselves for the new Pre-Action Protocol for debt claims, effective from 1 October 2017. The aim of the …
Posted: August 18th, 2017
When offering any form of finance, lease, or loan with a limited company it is important that you ensure you incorporate a Directors Guarantee into the terms and conditions of your transaction.
Posted: July 7th, 2015
In these modern times businesses tend to chase accounts by sending emails, texts or letters, however the good old telephone really is the best way to make contact with someone.
How you speak and the tone of your voice are very important. You need to be organised and prepared to deal with difficult questions and situations. You must have confidence, assertiveness, persistence, and actually listen to your customer, while at the same time retaining a firm but fair approach to collection. You are able to alter your tone by judging your customer’s mood or the type of person they are.
Posted: October 28th, 2014
Late payment of invoices can cause cash flow problems. Start by looking at why the invoices are being paid late.
A dispute almost always causes delays in the payment process, these delays usually occur because problems are not raised straight away by the customer. More often than not you will only learn about the problem once the invoice becomes overdue.
Posted: October 24th, 2014
Regulations that came in to effect in April 2014 are giving landlords more power.
The new regulations mean that we are able to instruct High Court Enforcement (HCE) on our clients’ behalf without requiring court action. This only applies to commercial premises using a written lease.
Posted: September 29th, 2014
Are your tenants not paying their rent? Do you require possession of your property?
If so David Allen Recovery Solutions can help you get your tenants back on track…
Posted: September 19th, 2014
As a landlord, if you prefer to look after the tenancy yourself that is absolutely fine. However, if you do this, make sure you have a written tenancy agreement in place and use a Tenancy Deposit Scheme, which is a legal requirement.
Posted: September 18th, 2014