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ParentCheck+

Minimise financial risks in the education sector. ParentCheck+ empowers schools to assess the financial reliability of parents or guardians before committing to payment agreements. By reducing the likelihood of non-payment, this service helps secure your institution's financial stability.…

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What if bailiffs are unable to enforce a County Court Judgment (CCJ)?

When do I need to consider a debt collection agency? Having to take further action against a defaulting debtor is not just frustrating, it can feel uncomfortable, particularly when you're dealing with a customer who has previously had a good payment record. That's why leaving it to a good debt…

How do I choose a debt collection agency?

Are they FCA regulated? This is likely to be a deal breaker. If a debt collection agency is not regulated by the Financial Conduct Authority, it's probably wise to strike them off the list from the get-go. Being FCA regulated shows that the company follows best practice and adheres to…

General Terms and Conditions of Business

1. Definitions1.1 Ancillary Charges means: the charges set out in the Price List, disbursements paid to third parties and costs and charges set out in paragraph 8.5 below.1.2 - Client means: the person, limited company or business instructing Redwood in relation to the Services.1.3 - Debt means: each sum owed…

How effective are debt collection agencies?

Don't delay If you're going to put a debt in the hands of a debt collection agency, it pays to act sooner rather than later. The longer an account remains unpaid, the more difficult it can be to recover the debt. Over a period of time, a debtor's circumstances can change…

What is debt recovery?

Choosing a debt recovery specialistAs well as their proven ability to get the job done, the most important thing to consider when choosing a debt collection agency to handle debt recovery for you is safeguarding your reputation. Will that company take the time to understand your business, your customers and…

What if a solicitor's letter is not enough to settle a debt?

Expert guidance and support Working with an experienced debt collection agency can relieve you of the stress and hassle of chasing payments or taking further action against a defaulting debtor. At Redwood Collections we work on a ‘no collection, no commission’ basis, so it's in our interest to recover a debt as…

Which debt collection service is right for you?

Do you have a large number of credit accounts?If you operate a high-value sales ledger with a large number of debtors, you can choose a premium service and ensure your credit control processes are carried out efficiently and cost-effectively in line with pre-agreed workflows. Benefits can include more accurate forecasting,…

What is Schedule 10 and what does it mean for me?

Schedule 10 was originally enacted in 2020 in response to the threat to the viability of businesses caused by the COVID-19 pandemic. It temporarily restricted creditors from presenting winding-up petitions in cases where the debtor's financial difficulties were attributable to the pandemic. The restriction originally applied to winding-up petitions relating…