Recent News Articles
Consumer debt collection is not an easy subject to approach. Individuals being reminded to pay money can be taken aback very easily. One Welsh school however has shown how even 1 simple, firm reminder can get the road to debt recovery rolling.
Monday, 20th January 2020
A retired Inverness plumber faces a £1.2m section 75 debt alongside other businesses including one which earned £60,000 profit requiring to pay £400,000 due to changes in rules under an official pension scheme.
Wednesday, 6th November 2019
Credit control and planning is essential to fast moving industries with low lead times such as hospitality and food based industries. Alongside Chiquitos, Jamie's Italian and Frankie and Benny's, Pizza Express are reportedly struggling also in recent months.
Tuesday, 15th October 2019
Four Seasons Healthcare has entered administration after struggling for a long while with management issues. Having had new ownership since December 2017, that change hasn't helped their credit control management.
Friday, 17th May 2019
HMRC's switch to issuing direct recovery orders (also known as attachment of earnings orders) has generated £127 million in owed tax and had surprisingly few complaints, showing early potential of the new strategy being a good choice.
Friday, 26th April 2019
Business insurance claims for unpaid invoices are totalling over £5m per week according to official stats. AYOM discusses the benefits of seeking credit control help over an insurance claim for B2B companies.
Wednesday, 27th March 2019
Detachment of earnings orders are a mostly automated way of reclaiming tax from a person’s salary. It is non confrontational and avoids the need for bailiffs, but, could this form of debt collection be risky should there be miscalculations or mistakes?
Wednesday, 20th February 2019
Bailiffs have been found to be using too many intimidation tactics against debtors according to a financial ombudsman report last year. Citizens' Advice has spoken out about possible further regulation.
Tuesday, 19th February 2019
A Liverpool construction worker, working on a new Travelodge in the city has been stretched to breaking point, smashing up the reception area with a digger following £600 of unpaid wages.
Wednesday, 23rd January 2019
Bailiffs have come under fire from debt charity stepchange after reports have suggested a number of bailiffs are using intimidation tactics and not dealing with debtors correctly. AYOM looks into what it takes to effectively recover a debt without using these out of date methods.
Wednesday, 28th November 2018