Search Results for 'Collection agency'

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Councillor queries if debt collectors are being used

Debt collection

Last week, I discussed the process involved in securing judgement before the Courts in respect of debt collection matters. This judgement may then be enforced against the individual who owes the money (the debtor). If the debtor still refuses to pay a number of options are available to the individual who is owed the money (the creditor). Such options include the following:

Collecting the debts and maintaining cash flow

In these exceptionally difficult times, it is absolutely necessary that your business is equipped with the most effective ways of maintaining cashflow. The most common problem facing many businesses at the moment is that outstanding bills are not being discharged in a timely fashion, or at all. How then do you go about ensuring that this problem is banished from your business? One of the most efficient ways of doing this is by commencing debt collection proceedings against the company or individual. Developing a reputation for being proactive about the collection of fees or invoices owed to you can be no bad thing, as it will foster a culture of immediate payment by your clients because they will be aware that if they dont pay, you will follow them for it and not simply brush that fee note under the carpet!

 

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