Unpaid invoices are a nuisance for any business owner. After working so hard to deliver your product or service, you don’t want to be spending months chasing after the money you are owed. Chasing unpaid invoices is sadly something that everyone will have to do at some point or another, but you may be wondering […]
Customers are often reluctant to pay for goods or services for a wide variety of reasons. While there may be a genuine excuse for their unpaid invoices, many times people will do anything they can to avoid parting with their cash. Keep reading as we share some signs a client won’t pay and how to […]
While debt collection is something that many businesses dread having to deal with, you’ll find that there are many benefits of this task for the economy. As a business owner, it’s so important that you work with a debt collection agency if you are struggling with this, as they will be able to ensure you […]
The secret to maintaining a financially healthy business is by having a knowledgeable team utilising the right credit processes and procedures. Tackling cash flow problems head-on means you need to ensure you have the right credit terms in place and the right template letters on file. And this is where Direct Route comes in. Helping […]
It almost seems bad for business to turn away orders and to say no to more custom and work. However, when those customers you are saying no to are stretching your agreed payment terms and delaying payments for unknown reasons, they’re not helping your business grow; they’re helping it to fail. Ending a customer relationship […]
Debt collection is a very specific, delicate in some instances, and specialised practice and not everyone is cut out for the job. It requires a high degree of experience, professionalism, and training. And it’s vital that debt collection agencies and debt collectors use the right tools to support both the creditors and the debtors in […]
The past few years have presented more challenges than ever for businesses in the UK, resulting in endless unpaid invoices and outstanding debts. One of the biggest risks of these ongoing issues is that you can end up struggling with business recovery and insolvency. Today we’re going to share some of our top tips for […]
Having an unpaid invoice, especially for small to medium-sized businesses, can be a frustrating situation to be in. Depending on the amount of the unpaid invoice or how many invoices are unpaid at the same time, it could have a detrimental effect on the cash flow of these businesses. After all services or products were […]
Sometimes you’re owed a debt in business, and for some reason or another, the debtor cannot pay. You have already rendered services to the supplier or vendor, or customer, and you are rightfully owed those funds. Suppose enough time and notification have been spent trying to have this commercial debt paid off. In that case, […]
When dealing with an unpaid invoice, a common situation you may find yourself experiencing is having to get involved with a county court judgment. We know how challenging it can be to find yourself not receiving payment for your goods or services, but we are here to support you should you find yourself in this […]
