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  • Latest updates

  • 7 Dec | Statutory Demands – A useful tool?

    On an almost daily basis we here at The Debt Collection Centre (TDCC) see Debtor’s trying to dispute that an invoice is due although no complaint or dissatisfaction has ever been expressed until they have received a letter from us requesting immediate payment. As most businesses know, and as solic…

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  • 1 Dec | Your Terms & Conditions – Do they give the protection you need?

    Here at The Debt Collection Centre (TDCC) we know that properly drafted terms and conditions are not only important but can bolster your negotiating position in the event that your invoices are unpaid or are disputed. If a Debtor does not pay and you are forced to issue Court proceedings your terms …

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  • 19 Nov | Recovering your money without offending your customers and clients

    At The Debt Collection Centre (#tdcc) we know the time and effort it takes to cultivate and build relationships with customers and clients. No matter how good the service and/or goods are that you supply a longstanding relationship can be lost in a matter of minutes if for example a request for paym…

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  • 16 Nov | Are you in control of your debts?

    All too often customers do not make payment on time meaning you have to spend valuable time chasing. We can do that for you. The quantity of overdue invoices continues to have a negative effect on UK businesses and the economy as a whole. According to Natwest last year one in five businesses was owe…

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  • 16 Nov | The economic recovery is finally happening!

    The Debt Collection Centre (#tdcc) can only reiterate that the economy shows signs of improvement following the thoughts of Phillip Sykes, president of R3, the insolvency trade body, in respect of the quarterly insolvency statistics (for July-September 2015) published by the Insolvency Service on 29…

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  • 16 Nov | Insolvency Statistics – July to September 2015

    The Debt Collection Centre (#tdcc) comments that it is good to see both company and personal insolvency continues to decline as per the statistics release from the Insolvency Service. The number of company insolvencies in England and Wales continued to decrease. This decrease was mainly driven by a …

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  • 16 Nov | New debt threshold for bankruptcy proceedings restricts creditors’ recovery options

    On 1 October 2015, the minimum debt for which a creditor could issue bankruptcy proceedings against a debtor was raised from £750 to £5,000. The £750 threshold was fixed in 1986 and did not move with inflation which would have seen it rise to approximately £1,700. Whilst it has been acknowledged…

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  • 28 Oct | Are you recovering all the money due to you?

    Since 2002 it has been a statutory right for suppliers to charge interest on overdue invoices at the rate of 8% above a reference rate based on the Bank of England base rate, together with a late payment fee. Since 2013 the rules were updated meaning you can also now claim ‘reasonable’ recovery …

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