This is something that has been particularly true in the debt collection industry. The common misconception is that these agencies operate outside the law and use intimidation and threats to get your money back. This is simply not true of any reputable and regulated agency.
In a busy and fast-paced environment these companies may struggle to find the time, or have the necessary skills required to recover any monies owed from unpaid invoices. As with many companies maintaining good customer relationships is key to retaining clients and securing repeat work and this can put businesses in a difficult position. How do you get the money you are owed, for the work you have done and keep a healthy relationship with your client base?
Debt recovery within the construction industry takes specialist knowledge and understanding of the sector. Construction contracts are often very complex, (sometimes deliberately so), and this results in businesses being paid less than they are owed, not being paid on their terms or not being paid at all.
The sector remains strong and is estimated to be worth over £35 billion, this combined with increased confidence in the economic forecast despite Brexit, means that this could be a record year for recruitment. Although the sector is buoyant, receiving payment for their services appears to be an ongoing problem in the industry.
It feels like it begins earlier every year and no matter how you feel, there’s no stopping the advance of the festive season, and while it is the season to be jolly, it can also be a season of stress for many business owners.
Daniels Silverman are very experienced in collecting student accommodation type debts and understand the unique demands of the sector. We’re always working to make sure we are constantly up to date with best practice and any changes in legislation. We are qualified, regulated and ethical and our approach is driven by the core idea that we need to recover your losses without hurting your business.
There are many clinics now offering credit to people for courses of treatments as well as payment plans to make them even more accessible to a wider audience. With these options comes the risk of bad debt and people defaulting on their payments.
Nursery owners have expressed their frustration that paying nursery fees are often low on parent’s financial priorities and can appear the easy option to miss during a tight month. Many nurseries walk a fine line between rising costs and wage increases and the need to keep fee increases in check.
Daniels Silverman already have many Dentist practices on board and successfully collecting patient debt in a quick and ethical way. We put the reputation of our clients at the centre of all that we do, meaning that we will endeavour to do all that is possible to recover the money and protect your brand.