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What is a Writ of Control?
The issuing of a CCJ may be enough to persuade a debtor to settle a debt or agree to a payment plan. However, there may still be cases where it’s necessary to take things to the next level. That’s when you can consider applying for a Writ of Control, which…
VIEWAre debt collection agencies regulated?
If you’ve been struggling to recover an overdue debt, you may feel the time has come to get expert help from a professional debt collection agency (DCA). However, it’s natural to have concerns about protecting your reputation. Obviously, you need to choose a debt collection agency that has a good…
VIEWThinking of writing off a bad debt? There is another option that provides peace of mind.
However, there is another way forward - forget about chasing these debts, without having to write them off completely. All you have to do is transfer the ownership of the debts to Redwood Collections via BRANCH, our new debt purchase solution. How does BRANCH work? Transfer your unpaid debts and we’ll take…
VIEWWhat is the process for international debt collection?
Our super-connected world has empowered many more companies to trade internationally. However, with extra opportunity comes added risk. What happens if one of your overseas customers fails to settle an overdue debt? With potential language, cultural and legal barriers as well as geographical ones, international debt recovery can be more…
VIEWRecovering overdue debt – why it’s important to act quickly
The justice system is finally showing signs of recovery from the backlogs caused by closure of the courts during the COVID-19 pandemic. However, things are still not back to normal and significant delays are persisting in many parts of the UK. According to government statistics for January to March 2023, the…
VIEWRise in CCJs is a call to action for creditors
According to government statistics for January to March 2023, County Court claims were up 8% year-on-year to 443,000, the highest volume since Q1 2020. Of these, 371,000 (84%) were money claims, a year-on-year increase of 9%. Judgments were up 15% at 264,000, with 91% of these being default judgments. These alarming…
VIEWWhat is a statute barred debt?
If you’re not a lawyer or debt collection specialist, some of the terminology used in the legal side of debt collection can be a bit mystifying. And one of the most commonly used terms is ‘statute barred’. What does this actually mean for you as a creditor? It’s always preferable to…
VIEWThe truth about debt collection, your reputation and value for money
It’s natural to be cautious and have reservations about working with a debt collection agency (DCA) as there are many negative assumptions associated with professional debt collection.But a good DCA will be able to offer specialist expertise and experience, as well as demonstrating a strong track record and a commitment…
VIEWHow can efficient debt collection increase my business’ resilience?
Recent government statistics on company insolvencies are ringing alarm bells across the debt collection sector. The latest quarterly figures show that total company insolvencies in Q2 2023 increased by 9% from Q1 and by 13% year-on-year, reaching their highest level since 2009. The monthly statistics for July 2023 show that…
VIEWTop non-payment excuses and how to deal with them
With most businesses now using electronic payments, the old delaying tactic ‘the cheque’s in the post’ no longer applies. Unfortunately, there are plenty of other excuses which can be used by some unscrupulous business owners to avoid paying what they rightfully owe. Over the years our debt collection experts have heard…
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