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Everything you need to know about Debt Collection
We’ll be updating our blogs with impartial and up to date information regularly. You can trust Redwood to provide you all the relevant help and advice on debt collection.
Featured Articles
How effective are debt collection agencies?
01 November 2021
If your internal credit control team are struggling to recover an unpaid debt, then getting professional help from a debt collection agency could be the answer. But how can you be sure of a successful outcome?
What is debt recovery?
01 November 2021
Managing debtors and chasing overdue payments can be a time-consuming business. If your finance team is over-stretched, it could be time to seek external debt recovery support.
Latest Articles
What can I do if a retention isn't paid?
02 August 2022
Overdue payment retentions can create cash flow problems for all kinds of contractors in the construction industry. So, what can you do to ensure any retention amounts you're owed are released in a timely manner?
What if a debt is overdue and I don't have a written contract?
02 August 2022
In the construction industry, it's never a good idea for a sub-contractor to carry out work without a written contract. But it happens. And it doesn't mean you can't recover an overdue debt.
What is the smallest debt a collection agency can chase?
21 July 2022
Debt collection agencies are often asked if there's a minimum invoice value that makes chasing a debtor worthwhile. The answer is generally 'no', so it's really up to you whether you want to take things further when the amount involved is small.
Will chasing a debt affect my reputation?
13 July 2022
Putting an overdue debt in the hands of a debt collection agency can feel like a big step, so it's natural to worry about the impact on your good name. However, doing nothing can be just as bad for your reputation.
