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Seven EU Banks Fail The Stress Test, But Will This Affect The Ability Of A Large Firm To Pay An Overdue Invoice From A Small Firm?

The seven financial institutions that failed the stress test were five in Spain, and one each in Germany and Greece. The four major UK financial institutions that were checked out, RBS, Lloyds, NSBC and Barclays were all successful and so this must put confidence in the UK economy such that if another economic downturn hits, [...]

Training A Small Organisation To Compose Debt Collection Letters For Getting A Large Organisation To Pay The Latest Overdue Bill.

creating good quality Debt Collection Letters must be at the centre of the Debt Collection process and should not be underestimated.

When a small enterprise has seen the latest account for jobs done or equipment sold to a larger enterprise and has been unable to find out why via communication with the larger enterprise, they may [...]

Can Economical Debt Collection Procedures Really Help A Small Enterprise To Recover Payment For A Late Account With A Large Enterprise?

When a small company has realised realised that an bill sent to a large company is still late beyond the agreed final payment date, it might come as a surprise. If the small company has carried out many projects for the large company and has always been paid on time then this current situation [...]

Persuading A Late Payer To Pay On Time In The Future, A Solution For Small Organisations With An Outstanding Account At A Large Organisation.

The financial downturn has brought troubled times to most organisations and has put some in the standpoint of having to taka a close look at the finances at one time or another. When this ends up as paying or not paying an account delivered by a small organisation which has done valuable projects, a [...]

Exploring The Pathways For A Small Company Looking To Get The Latest Invoice, Which Is Now Overdue, Paid By A Large Company.

When a small company is faced with their first late account for projects they have done or items they have sold to a large company, they may wonder why this time the large company has not paid on time as usual. Obviously their first step should be to call up their normal contact in [...]

Debt Collection Software May Be A Big Jump For A Small company That Has An Overdue invoice With A Large company, But Is It Worth Taking The Chance?

Certainly, if the small company has done jobs for or provided equipment to the large company over a period of years without having any settlement issues, then a late bill coming at the current financial situation could well ring alarm bells. The financial situation could also bring issues for the small company in that [...]

Once Bitten Twice Shy, Or Shall We Tackle Our Debt Collection With Their Own Resources Next Time.

When a small firm has done many pieces of work for a large firm and have always been paid on time, it could come as a shock when the latest invoice has remained outstanding beyond its final payment date. If the small firm has had experience of bad debts in the past and has [...]

Common Questions about Debt Collection

By: Jon Ochs August 3rd, 2008

If you find yourself in financial difficulty and are falling late on some of your bills, you may have some contact with collectors via mail or telephone. On several occasions, you may encounter some terms or business practices that were new to you. Here are some straight [...]