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How do debt collection agencies communicate with debtors?
Success in debt collection isn't just about being proactive and persistent. A good debt collection agency will also have proven communication skills. That means using every available channel to make contact with the debtor, resolve any issues and achieve prompt settlement of the debt. It also means communicating with diplomacy…
VIEWFive warning signs that a business is in financial trouble
Customer credit checks are useful. However, because they're usually based on historically filed financial data, they rarely give you an up-to-date picture. That's why it's important to keep a watchful eye on any customers who are late in settling their bills. This is particularly true in the current economic climate…
VIEWDebt Collection
Redwood Collections is here to help with commercial debt recovery. We can start working for your business today. 15% commission on recoveries No commission unless successful No contract or fixed commitment Authorised & regulated by the FCA Get started in just FIVE minutes!…
VIEWIs there a link between debt and cryptocurrency?
It may seem like something that doesn’t affect the real world, but did you know that over 60% of crypto investments are funded by conventional borrowing? That’s a lot of unsecured debt which could go bad, compromising many people’s finances and having a knock-on effect for all kinds of businesses. People…
VIEWCredit guidance for construction firms and contractors
Unfortunately, it’s an all-too-common occurrence in the construction industry, particularly for contractors and SME building firms. Fortunately, there are ways and means to expedite payment and keep your cash flow in good shape. And having a professional debt collection agency on your side can be a real asset to avoid…
VIEWHow to choose the right debt collection agency
Before you commit to using a debt collection agency, there are a few things to consider. It’s not just about ensuring you have the best chance of getting a positive outcome. It’s also about finding a company that’s cost-effective, easy to work with and reputable. Here are some important questions to…
VIEWTaking on a high-level challenge for charity
On 17-18 May, we’ll be taking part in the National Three Peaks Challenge, one of the UK’s most famous extreme trekking events. Our team will be raising money for the Royal National Children’s Springboard Foundation (RNCSF), the UK’s largest bursary charity that focuses on harnessing the power of educational opportunities…
VIEWProtect your profitability by collecting unpaid debts
Ask any business owner what keeps them up at night and money worries will probably be high on the list. That’s why it can be exasperating when a customer fails to pay for work you’ve completed or products you’ve supplied. In a tough economic climate with rising costs, cash flow and…
VIEWHow independent schools can recover unpaid debt whilst protecting their reputation
Debt recovery is a sensitive area for any business. However, when it comes to independent schools, it’s vitally important to ensure that getting paid what you’re owed doesn’t have a negative impact on your reputation. Most of your debtors are not just debtors; they’re also parents whose relationship with you…
VIEWMeet us at the ISBA Conference 2023
As well as finding out more about our high quality debt collection and debt management services, you’ll have the chance to meet other industry experts, discuss current market issues and network. We’re proud to have been headline sponsors of the ISBA Conference since 2018. This year, the Conference takes place against…
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