Frontline Collections Versus Chasing Debt In-House
Frontline Collections Versus Chasing Debt In-House Many London businesses start out chasing overdue invoices themselves, sending reminder emails and making the occasional phone call before eventually deciding whether to involve a professional debt collection agency. Understanding where in house chasing tends to fall short helps explain why that decision usually pays off. In house reminders often lack the formal weight of correspondence from a regulated agency, and business ow
Understanding Statute Barred Debt in England and Wales
Understanding Statute Barred Debt in England and Wales A debt becomes statute barred in England and Wales when six years have passed since the last payment or written acknowledgement, under the Limitation Act 1980, and no court action has been taken within that period. Once statute barred, a creditor can no longer successfully sue for the debt through the courts, though the underlying debt is not technically cancelled. This distinction confuses many people. A statute barred d
Chasing Overdue Invoices Before the End of the Financial Year
Chasing Overdue Invoices Before the End of the Financial Year As a financial year end approaches, London businesses often take a closer look at their accounts, and outstanding invoices that have been quietly sitting on the books for months tend to get noticed. Clearing as much overdue debt as possible before year end closes makes for cleaner accounts and a stronger cash position heading into the new period. Frontline Collections' London office sees a noticeable rise in referr
Is It Worth Using a Debt Collection Agency in London
Is It Worth Using a Debt Collection Agency in London? It is a question every London business or individual asks themselves at some point, usually after a second or third reminder email has gone unanswered. Is it actually worth bringing in a debt collection agency, or is it easier to just write the debt off and move on? For most genuinely unpaid, undisputed debts, the answer is yes. A professional agency brings weight that an individual reminder simply cannot match, both in te