Every pound overdue
affects your cash flow
Every pound unpaid
affects your sales
Every pound of bad debt
reduces your profit margin
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News
| Credit Collections (UK) Ltd has teamed up with European Credit Control to provide a debt collection service covering the whole of Europe. Click here to visit the Website. |
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| Debt Collection In Ireland |
| For an explanation of how the debt collection process works in Ireland, click here. |
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The number of people suffering from serious debt problems is much higher than official figures suggest, a survey has found.
About 600,000 people have entered debt-management plans (DMPs), according to a survey by R3, the insolvency practitioners body. These debt plans, which are separate from bankruptcies and individual voluntary arrangements (IVAs), do not show up in official insolvency statistics.
About 80,000 people entered an IVA or became bankrupt in England and Wales in the first half of this year, according to official figures.
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| Repossession Orders Up 24% |
The number of homeowners in England and Wales facing repossession after falling behind on their mortgages has risen.
The Ministry of Justice said 28,658 orders were made by the courts in England and Wales in the second quarter of 2008.
That was up 24% on the same period in 2007 and 4% higher than the first quarter of 2008.
Click here for the full story. |
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| There were 3,210 liquidations in England & Wales during the first quarter of 2008. This represents an increase of 2% on the final quarter of 2007 & an increase of 4% for the same period last year. Of the 3,210 liquidations 2,125 were creditors voluntary liquidations, which represents a 25.4% increase on the same period last year.
To see the figures in detail, click here |
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Credit Collections (UK) Ltd has improved the effiency of it's service still further by developing it's Website to take online debit & credit card payments. Debtors now have a further payment option to encourage satisfaction of balances outstanding. The process of receiving payments is therefore now even more efficient thus improving our Clients cashflow still further. The system was developed by P2 Technologies & you can see the P2 press release by clicking here |
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Sheffield Road, Dronfield, Derbyshire S18 2DH |
Telephone:
01246 411931 Fax: 01246 290130 |
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