UK debt collections

MARCH 24, 2022

Lloyds Bank head of construction Max Jones said: “Slow and late payments can tie up vital funds for far longer than optimal, making it harder for construction businesses to take on new projects or react quickly to any sudden downturns in trading. “UK Contractor late payment is a stain that has long tarnished the construction industry.

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Taurus Collect

JULY 29, 2024

Managing debt collection fees can be a daunting task for any business. An ineffective credit and collections process not only increases these fees but can also strain relationships with customers. This blog post will guide you through simple steps to completely overhaul your credit and collections process.

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CICM

JUNE 22, 2021

The Purchasing Managers Index from IHS/CIPS showed an increase to 61 – its highest since 2013. UK construction growth is the highest for over 5 years as demand sees an increase in raw material cost. But when cash collection targets are being met with the increased cash in the economy, older invoices will remain vulnerable.

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CICM

DECEMBER 9, 2022

We had a range of attendees from Health Care, Solicitors, Engineering, Insurance, and Construction, to name a few, which gave us an incredible array of responses to all the questions we posed to them. In contrast, Amey said there was a turndown in the waste side with fewer collections. Communication is key!

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Debt Recoveries

NOVEMBER 27, 2022

Credit control and debt collection are the two most crucial components of sustaining a solid cash flow since, as they say, cash is king. Here are some suggestions for proactive steps that may take to improve your credit control and, ideally, avoid having to deal with debt collection. Tips from a Debt Collector .

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Collection Industry News

NOVEMBER 2, 2020

Midland Credit Management, Inc. In Preston , the debt collector sent a collection letter that was inside of an envelope, which itself was inside another envelope. ” with no other reference to the creditor in the collection letter, was insufficient to meet the FDCPA’s standard. Niagra Credit Sols.

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Account Recovery

FEBRUARY 3, 2025

A District Court judge in California has denied a plaintiff’s motion for default judgment and granted a defendant’s motion to set aside default in a Fair Debt Collection Practices Act case, ruling that the defendant was not properly served and had demonstrated a meritorious defense.

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