Invoicing is part and parcel of how a business operates. It is how you receive payment for the goods and services you deliver, and invoices are an essential part of the accounting process and record keeping. For many business-to-business transactions, there are two common types of invoices: a proforma and a commercial invoice. Both play […]
Commercial debt recovery, also known as B2B (business to business) debt collections, are terms used to describe the methods and process of collecting outstanding debts or overdue invoices, i.e., recovering money that a business customer may owe another business for a product or service they have received. However, business-to-business can be complicated, especially when it […]
Are you looking to step your business up a gear? Do you need a cash injection to support your long-term plans? Do you need to purchase/hire new equipment or technology infrastructure to support ongoing growth? Capital is essential to meeting the ongoing demands of everyday business operations. If you’re looking for financial support for your […]
Invoice factoring offers many benefits to business owners who may be struggling with concerns surrounding debt. As a result of this process, you may find you can avoid a massive debt and put yourself in a stronger financial position. Today we’re going to discover some of the top reasons that companies opt to factor invoices. […]
If you’ve ever been contacted by a debt collection agency, you might be wondering if they were legitimately able to collect the debt in question from you. Whether you find yourself in this situation currently or are looking to collect debt from outstanding invoices as a business owner, it’s important to learn about the debt […]
Struggling with your cash flow is a very concerning thing to experience as a business owner. If you find yourself in this position currently, you’ll be pleased to know there are many resources out there to support you during this trying time. A debt recovery agency will work with you to learn about your current […]
Selling invoices is something that many companies choose to do, especially in times of difficulty. There’s nothing more annoying for a business owner than outstanding invoices, which is why they might decide to cut their losses and sell them instead. If you are having ongoing issues with an invoice unpaid by your clients, make sure […]
Having a debt collector contact you out of the blue can be a scary moment to experience. While you may have an indication that this phone call was coming, in other situations, you may find yourself wondering if this is a scam. A debt collection service should always be professional when contacting people about an […]
Here at Direct Route Ltd, we are passionate about supporting businesses who are struggling with unpaid invoices and debt concerns. Today we’re going to share with you our guide to debt ratio. It’s a key financial metric that everyone should know about in order to protect their finances moving forward. We’ll be here to support […]
As a debt collection agency we get asked this question a lot, and generally speaking, no, you are not liable for any debt that your spouse has run up. However, this doesn’t mean you aren’t affected in other ways. When a debt is taken out in just one person’s name, only that person and that […]
