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8 Tips To Avoid Cash Flow Problems

Ask SJ Collections for a Credit Report on a new customer. Confirm who is responsible to authorise payment. Ensure that you fix a credit limit on your customers account and adhere to it. Check your debtors list on a regular basis, we suggest weekly. Always supply a copy of your Terms and Conditions, when credit is applied for. Discuss your options with SJ Collections when a customer’s payment habit changes. Alwa
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I need A Complete London Debt Collection Service

    Hi my name is Stanley Silver of SJ Collections Limited my speciality is debt collection or as some people would say debt recovery. No job is too small, no job is too large, so if you’ve got a problem anywhere along the lines of cashflow give me a call. A few words with me I’ll be able to give you some advise and hopefully I’ll be able to help. That’s Stanley Silver from SJ Collec
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Time to spring clean your business finances

New year 2014 is upon us and you don’t have to search very far online to find articles encouraging you to spring clean your finances. Well, it’s still winter, and often these pieces are targeted at consumers who may have overspent on the seasonal goodies. But January is a good time for small and medium enterprises to resolve to get things right in the new financial year that begins in April. For the collections indus
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When you should just say no to a client

Businesses spend much time and energy marketing their services to clients that it may seem odd for a manager or owner to even consider turning work down. Yet there are times when you should say no to a client. In the collections industry, particularly in light of the regulatory role being taken in April by the Financial Conduct Authority, record keeping is sure to become ever more important. So the first doubts when
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Tracing debtors is a vital tool in curbing fraud

How many business people have posted off their invoices for services rendered only for the envelope to be returned to sender marked ‘Not known at this address’ or ‘Gone away’? The answer, according to Cliff Poole of UK Search, is a growing number. Writing in CCR Magazine earlier this year, Poole said: ‘The problem of absconding debtors has escalated to such epidemic proportions that almost every creditor, lending com
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Regime change ahead for debt collection agencies

Regime change is a phrase that has come to be associated with the attempts to topple dictatorships in the world’s troublespots. But it’s also applicable to big changes in regulation of the UK financial services industry. Many people will have heard that the Financial Conduct Authority has replaced the Financial Services Authority as part of the reforms introduced after the banking collapse that brought on the recessi
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Debt trap snares nine million – but help is available

News from the Money Advice Service that nine million people in the UK are living with serious debt is just the latest statistic to capture the scale of the problem. According to a survey by the government-backed service, only 17% of these people have asked for the free advice that is readily available to help families manage their debt burden. No wonder, then, that increasing numbers have turned to payday lenders and
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Pity the poor credit manager

Who’d be a credit manager? I say that because the loss of Tie Rack from the high street is yet another sign of the changes being wrought by the shift to online shopping – which is where the tie sales are heading – and the squeeze on business finance. Tie Rack, which was once a byword for the entrepreneurial style of its founders, had been making losses for years. In part, men’s fashion had moved on and the tie was no
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Beware of the zombie companies

In my business of debt collection, I talk to a lot of people. And owners and managers of small- and medium-sized business are telling me they are not convinced by the official statistics showing that the UK economy is in recovery. There is, appropriately enough in this season of witches and werewolves and things that go bump in the night, a fear of what even a small rise in interest rates will mean for the thousands
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Warning: housing bubble risks a personal debt explosion

The governor of the Bank of England, Mark Carney, is clearly intent on keeping interest rates at their current low of 0.5% for as long as possible. Waiting until unemployment drops below 7% may delay an increase until 2016 or, at the market-predicted earliest, the first quarter of 2015. That’s good news for house buyers and some reassurance to people using individual voluntary arrangements or debt management plans to
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