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Browsing category: Debt Recovery

Chasing Overdue Invoices – Why use a Commercial Debt Collector?

Chasing Overdue Invoices – Why use a Commercial Debt Collector?

Overdue Payments Chasing overdue payments from clients can be a time-consuming and frustrating process, and there are a number of different circumstances where using a professional would be the best option for your business. But how do you know when it’s the right time to ask someone to take over this role for you? At […]

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How To Deal With Overdue Invoices

How To Deal With Overdue Invoices

Your business has an overdue invoice. Now what? Do you have a customer that just won’t pay on time? If the answer to this question is yes, you are among the 64% of small business owners with unpaid invoices. If this happens regularly, it may point to the way you are invoicing your customers. Is […]

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How do debt collection agencies work?

How do debt collection agencies work?

Businesses who are owed money and have tried, unsuccessfully, to recover the money themselves, may consider using the services of a debt collection agency. If you have never used a collection agency before, you may be apprehensive about engaging their services because you do not know the process or understand how debt collection agencies work.

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How to choose a debt collection agency/Do I need a collection agency?

How to choose a debt collection agency/Do I need a collection agency?

Having unpaid and overdue invoices is nothing new to businesses and the current economic climate is only likely to make it a more common issue. All businesses, whatever sector you operate in, will at some point come across clients who don’t pay their bills. All email requests for payment go ignored and they are always […]

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From crisis management to recovery phase

From crisis management to recovery phase

The coming few weeks will see the biggest tests so far in the drive to get the country and the economy moving again. From August 1st the government will begin to scale back the furlough scheme which has been the biggest single economic intervention of the crisis and has so far benefited over 9 million jobs. Moving forward businesses will be asked to contribute some of their own money to keep staff on furlough and funds will be completely removed by October in order to encourage everyone back into work.

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Economy opening up after Lockdown?

Economy opening up after Lockdown?

More of the economy is opening up and people are now able to go out for a meal, go to the pub and cinema and go on holiday to number of destinations without having to quarantine on their return. The return of these businesses is a welcome sign that there is some semblance of normality […]

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How valuable is your time?

How valuable is your time?

All businesses rely on being paid for goods or services provided. This is what generates profit and keeps a businesses’ cash flow healthy allowing it to pay staff, expand product lines or services and invest in the future growth of the company. However, this transaction is not always as straightforward as it should be. The time spent chasing late payment is cited as the biggest obstacle facing business clients and not having the resources available to recover money owed is one of the most common reasons given for failures.

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Agile and Adaptable Debt Collection

Agile and Adaptable Debt Collection

As we emerge from the lockdown and move towards a new normal, it’s important for firms to be flexible, agile and adaptable in order to keep working and growing their businesses. We have seen may instances of businesses in the food and drinks market moving quickly to a delivery only model, while other firms have […]

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Roadmap to Recovery for construction

Roadmap to Recovery for construction

As we start to emerge from the lockdown and some sectors are back at work, the CLC has unveiled the Roadmap to Recovery plan for the construction industry, detailing how the industry needs to work over the next 2 years in order to recover. Daniels Silverman is a family owned firm that is entering its 25th year of operating successfully in the credit management and collection sector. We work in partnership with our clients, getting to know them and their customer relationships. We operate ethically and our professional debt collection team confidently provides bespoke debt recovery solutions for our clients, no matter how big or small. That is just one reason why we are regarded as one of the top debt collection and credit management companies in the UK.

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