Our Blog
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
Taking on a high-level challenge for charity
21 February 2023
The countdown is on as we prepare to take part in the National Three Peaks Challenge this May. It’s all for an important cause – members of our team are fundraising for the Royal National Children’s Springboard Foundation (RNCSF), a charity that helps transform the lives of children and young people through access to high-quality education.
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
How do debt collection agencies communicate with debtors?
09 November 2022
Good communication is at the heart of the debt collection process. There's more to chasing an overdue debt than simply sending a statement of account and a reminder. Here's how a professional debt agency undertakes the debt collection process.
The cost of living crisis – it's time to take action on overdue debts
20 October 2022
Rising costs and interest rates are putting pressure on the finances of both businesses and individuals, increasing the risk of debts remaining unpaid. As a creditor, what can you do to give yourself the best chance of collecting the money you're owed?
When should a bad debt be written off?
11 October 2022
Are you thinking of writing off a bad debt? Before you say 'goodbye' to the money you're owed, it could be worth getting professional help and advice from a reputable debt collection agency.
Five signs you need a debt collection agency
26 September 2022
If a customer is failing to pay what they owe you, getting help from a reputable debt collection agency could be the answer. But how do you know when the time is right to bring in the professionals?
