This excerpt from the article "Understanding Debt Consolidation Loans" discusses the benefits and process of consolidating multiple debts into one single loan. The article explains that consolidating debts can simplify payments, lower interest rates, improve credit scores, and prevent harassment from collection agencies. The article also outlines the different types of debt consolidation loans and provides advice on factors to consider before obtaining one.

This excerpt from a blog post on "Corporate Debt Recovery" discusses statute-barred debt, which occurs when a creditor can no longer legally pursue a debt after a certain period. The text explains the concept, outlining the different types of debts that can become statute-barred, and the implications for both creditors and debtors. It explores the benefits of having a debt become statute-barred, including relief from court action and the ability to focus on rebuilding finances. The post concludes by advising readers on what to do if contacted about a statute-barred debt, emphasizing the importance of knowing one's rights and seeking legal counsel when necessary

This article from Corporate Debt Recovery Limited is a guide for businesses on how to politely request payment from clients. It covers various methods, including email templates, phone call scripts, and text messages, while emphasising the importance of maintaining professional relationships and fostering positive communication. The article also provides strategies for handling late payments, including the use of late fees and, in more serious cases, revoking access or seeking third-party help. Ultimately, the goal is to equip businesses with the tools they need to effectively manage their payment requests and maintain a healthy cash flow.

Source:corporatedebtrecovery.co.uk

In 2025, debt collection is expected to undergo significant changes due to advancements in technology and shifts in consumer behaviour. With the rise of digital payments and e-commerce, traditional debt collection methods such as phone calls and letters will become less effective.

Source:https://corporatedebtrecovery.co.uk/debt-collection-news/debt-collection-trends/

Dealing with debt can be a stressful and overwhelming experience, especially for business owners. When debts are not paid on time, it can lead to serious financial difficulties and even impact the success of a business. In the UK, small claims court is a legal avenue available for individuals and businesses to recover their debts. In this blog, we will discuss the process of using small claims court in the and how Corporate Debt Recovery Limited can assist you in navigating this often-complicated process.

Source:https://corporatedebtrecovery.co.uk

Debt is a common aspect of most people’s lives. Whether it’s credit card bills, student loans, or medical expenses, it’s not uncommon to owe money to various lenders.

However, what happens when you are unable to pay back that debt? Can creditors come after you indefinitely? The answer lies in the statute of limitations on debt collection.

The statute of limitations on debt collection is a law that sets a time limit for creditors to take legal action against a borrower for unpaid debts. This time limit varies depending on the type of debt and the state in which you reside. In this blog, we will dive deeper into what the statute of limitations on debt collection is, how it works, and what it means for you.

Benefits of employing tracing agents for landlords and letting agents in the United Kingdom. The article highlights how these professionals can locate difficult or non-paying tenants, assist with evictions, conduct background checks, and facilitate efficient rent collection, ultimately saving landlords and letting agents time and stress. The author emphasises the various resources and techniques used by tracing agents, such as access to databases, skip tracing, and legal expertise, to achieve these goals.

Source: ⁠https://corporatedebtrecovery.co.uk/blog/tracing-agents-for-landlords/

Commercial Rent Arrears Recovery (CRAR), a legal procedure in the UK that enables landlords to reclaim unpaid commercial rent. CRAR allows landlords to seize and sell a tenant's assets to recover outstanding rent, providing an alternative to costly and time-consuming legal action. The source outlines the conditions for using CRAR, the steps involved, the advantages and disadvantages for landlords, and tips for navigating the process effectively.

Source:corporatedebtrecovery.co.uk