It is common that people mistake debt recovery as an action that only large businesses with accounts teams and legal departments undertake. Private individuals are just as likely to be owed money by friends, family and businesses, this is known as personal debt.
Common types of private debts often owed to individuals include:
Cash flow is critical to the growth of any business and when payments are failing to be paid it becomes a time consuming process to obtain what you are owed.
After just a couple of chasing letters and telephone calls, many businesses may choose to ignore the debt in the hope that payment will eventually arrive, but ultimately end up writing off as bad debts further down the line.
To keep your business growing, contact us today to begin your debt recovery process.