At Commercial Domestic Investigations we deal with all types of debt on a daily basis, and we know that clients not paying up is an all too familiar problem.
As a SME owner, you’ll experience all kinds of attitudes to debt. Some of your clients will pay promptly with no problems, and some will hold out until the very last minute before they pay an invoice. However, some downright refuse to pay
The different types of late payment
Here at Commercial Domestic Investigations, we’ve come across every sort of situation and every type of excuse for late payment. Due to our years of experience, we can quickly differentiate between those who want to pay but can’t and those who can but simply won’t.
For those who want to pay but are struggling to, it’s constructive to try and put a plan in place. This can mean that the debt is repaid as quickly as it can be given the client’s circumstances. For those who are intentionally avoiding paying their outstanding debts, we can move rapidly and enforce the debt using our expertise in debt collection law.
Realising the seriousness
One of the main advantages of using a debt collection agency to collect your overdue payments is that is relays the seriousness of the situation to your debtor. One call from a reputable debt collection agency often makes it clear that the process has escalated, and it isn’t a call that’s easy to ignore.
Leave it to the experts
Your company will be experts in your field, and you rightly expect to be paid for your services. As discussed previously on the blog, chasing debts can be time consuming when your time is precious enough as it is.
By using a debt collection expert you not only get to spend your time on the things that count, but you’re also ensured that your debts are in the hands of people who know all there is to know about the law surrounding debt enforcement. That means that the collection agency are confident in explaining the consequences on non-payment to your debtors, meaning you don’t have to worry and can get on with growing your business.
Contact us for an informal chat about your unpaid invoice and how we can help you. Our team have the experience and knowledge to help your company recover money owed. Working with our debt collection team gives business owners the peace of mind needed to move forward and get past negative cash flow.
About Commercial Domestic Investigations
Commercial Domestic Investigations are regarded within the debt collection and credit control industry as one of the best credit management companies in the UK. Established in 1988 to support and service all sizes of companies in the field of Credit Management.
Commercial Domestic Investigations have recently featured in the press in The Guardian. To keep up to date with the latest debt collection news make sure to follow Commercial Domestic Investigations on twitter, LinkedIn and Google+.
We now boast a national client base in excess of 30,000 companies. Commercial Domestic Investigations has grown by listening to clients’ requirements and adapting our services to meet all companies’ needs from Sole Traders, SMES, Ltd and Plus. Please contact us on 08444 159200 for more information.