Credit Control Solutions

Cash Flow is Critical!

The UK is experiencing a major increase in failures. Many companies are just walking away from their problems. 

When you lose £1,000 on a 10% profit margin you'll need to win and be paid for £10,000 of new business to just stand still!

But while you may be sitting on the fence, others are getting in more quickly to collect what little money may be available.

You can do something about it! Contact us through our website and we will react immediately to start the recovery process.

Jamieo "Making Your Cash Flow"

Debt Collection

In the current climate, debt collection is a hot topic.

If you have customer's with debts over 60 days old without a valid reason for not paying you, you should be considering passing the matter to a debt collection company.

Consider this, if you fail to act to collect the debt, you may end up having to write the debt off as a "bad debt". if you refer it to a debt collection company, you may end up recovering part of the debt, thus reducing your loss.

We can set-up data export routines with you where we can automatically assume responsibility for debts over 60 days old, this means, you can rest assured, knowing that these debts are being worked on and stand more chance of being collected.

Our Debt Collection Services offer very good value for money and we charge for our services in a unique way, meaning that more of the money we collect for you ends up in your company coffers rather than our own.

For further information on all of our services, please visit our website.

Jamieo "Making Your Cash Flow"

Free Debt Collection With no Catches

We have just added a "FREE DEBT COLLECTION" promotion on our website

I know what you're thinking:

• what's the catch? (THERE ISN'T ONE)
• where's the asterisk? (THERE ISN'T ONE)
• where is the "unable to read small print that is impossible to read without a 1000 times magnification magnifying glass"? (THERE IS NO SMALL PRINT)

This is a genuine offer.

For further information on our debt collection services, please visit our website

Thanks for reading.

Jamie O "Making Your Cash Flow"

Debt Collection - Don't try to do it Yourself!

If your invoice payment terms are 30 days and you have debtors in your 60 day and older column, you should be looking to instruct a third party (such as ourselves) to collect these debts for you

It makes sense to use your internal resources to focus on collecting debts at the front end of your ledger (in the current, or 30 day column) and utilise our debt collection services to collect the older stuff. 

Why? I hear you ask...
Quite simply, the longer a debt remains unpaid, the higher the risk there is of being faced with a bad debt.  You need to consider this: Do you want to collect your debt, or face the possibility of another bad debt? Let's face it, if someone doesn't want to pay you they don't have to. The UK legal system doesn't exactly help you to collect your debts does it?

If you issue a County Court Claim, it will normally cost you dear both in financial terms and in time terms.

Example 1
If you get a County Court judgement, you can then send in the bailiffs. Ok, so the bailiffs knock on the door and do not get an answer. They will then simply return the warrant to you stating that they could not gain access. This leaves you with a debt recovery problem. In real terms you are now faced with trying to recover a much larger debt. If you had to resort to legal action to try to recover the original smaller debt, what makes you think you are able to recover the now larger debt? The fact is you won't and ultimately you will be faced with a higher value write off.

Example 2
You issue a County Court Summons, the debtor (defendant) puts in a defence to your claim. The judge considers the defence and decides to list the matter for a full hearing. Firstly, you will have to pay additional fees if the matter is listed for an actual hearing and secondly, you will have to attend court. The outcome of the case very much depends on who presents the more credible case on the day. In other words, if the judge likes you and you present your case in an organised, polite and professional way you will win the case. When you consider, there is a good chance that you may lose the case and therefore run the risk of having to pay the defendants costs, as well as having to potentially write off the debt, Was it a good decision to go to court in the first place?

Don't get me wrong I am not totally against using the county court procedure. In some cases, it makes perfect sense. In the main and in my own experience, use of the county court procedure purely as a debt recovery tool is not the best way of recovering your money.

Before you consider issuing county court proceedings, look at your case through the eyes of a third party. In other words, give your case a "reality check" So many cases fail due to lack of signed paperwork, or failure to provide proof that an order was placed by the debtor. When you look at your case you need to do so from a "Black & White" perspective. If there are a few "Grey" areas, I would suggest that you do not issue a county court claim.

If you want to recover your money, allow us (the experts) to do it for you. Our charges start from as little as £12.50 for our Letter before Action Service. This is a very small price to pay, when you consider that our chances of recovering your debt are far higher than yours.

You only have to look at our testimonials on our website to determine that it isn't only us that thinks we are the greatest debt collection company on earth - our customers do too!

The Good, The Bad and the Truth.............

A few Facts on "No Collection, No Fee" Debt Collection

Did you know that whilst most debt collection companies appear to offer you something for nothing, in reality it simply isn't true. We all know that you get “nothing” for “nothing” in this life and if something seems too good to be true, then it probably is!

Typically, a “No Collection, No Fee” debt collection service actually means you will end up paying an exorbitant success fee to the debt recovery company if they recover your monies. This could end up being in excess of 40% of the value of monies recovered ! This is irrespective of the amount of work they have actually done. If for example, they made 1 telephone call to recover £1,000 for you, it will end up costing you £400 for the pleasure

In the debt collection industry “The good pay for the bad” In essence, this means that commission rates have to be very high in order to provide sufficient revenue to the debt collection company to cover all of the cases where they have not managed to recover any monies for their customer.

I believe that this way of charging does not represent good value to the customer. Why should you have to pay exorbitant commission to a debt collection company to cover all of the non-collectable cases on the debt collection companies’ books?

I am pleased to inform you that we are completely revolutionising the debt collection industry, by making a very simple change to the way in which we charge you to collect your debts. We simply make a nominal charge for the work that we do for you.

For more information on our debt collection services, please visit our website: Credit Control Solutions

Jamie O "Making Your Cash Flow"