Capquest debt recovery Articles
Capquest debt recovery
When you’re in business, it’s vitally important that your customers pay you for your services in a timely fashion; otherwise you might find yourself forced out of business.
Being helpful, understanding and not taking ‘no’ for an answer are all characteristics shared by the best debt collection agents – and mums too!
With consumer debt in the UK having exceeded the £1 trillion barrier, how are consumers managing to handle their debt, and what effect is debt having on their families?
As UK consumer debt spirals further out of control, more and more delinquent debt is being passed onto debt collection agencies.
Mounting cases of debt in Britain have forced lenders to sell more of their cases to debt collectors, thus tripling the workload within the industry.
The ever-increasing amount of consumer debt in the UK in recent times has led to a boom in another sector of the finance market: debt recovery.
2006 saw a record amount of personal debt being written off, as more and more people found themselves in financial trouble.
How can you make sure that your customers pay their debts on time? And, if they continue to renege on their payments, how can you go about recovering the debt?
Consumer debt is increasing at a dramatic rate; but what happens when companies realise you can’t meet your financial commitments?
Whenever an application is made to a lender for finance, a part of their decision-making process will be to credit score the applicant. But what is a credit score and how does it work?
It's rarely possible to completely protect your small business against bad debts. But when does a debt turn really bad? And how do you handle it?
More and more lenders are now offering mortgages to those people who have or have had credit problems in the past – meaning a bad credit history needn’t be a barrier to obtaining a mortgage.
With more and people facing financial hardship, there has been a sharp rise in the number of Individual Voluntary Arrangements as people look for a way out of debt.
When a borrower hits financial hardship, often the only available options are bankruptcy or a voluntary arrangement.
