Archive for the ‘Debt’ Category

Managing Credit Control And Recovering Bad Debts

Thursday, April 25th, 2013

When you are doing everything in your business, you’ll appreciate that there are only 24 hours in a day. And if people are giving you the run around ‘I’ll pay you later’, ‘yes i’ve been meaning to get round to it’… and then in some cases ignoring you altogether, it can drive you round the bend!

Get in a bookkeeper, and make part of their routine include some credit control – chasing up outstanding debtors, sending our statements, addressing any issues or queries that are stopping people from making a payment. This will solve some of your problems, because a bookkeeper is a neutral person. Sometimes a client needs to deal with someone else in your organisation, not you. Boogles Ltd don’t even have to come to your office to do the credit control for you. If we have an aged debtors list – we can do some of that chasing from our offices / off site.


You’d be amazed, that with one client, withint he space of about 2 weeks, just with a gentle nudge and reminder letters and emails, £30,000 of cash came in after an afternoon of credit control. IT IS ABSOLUTELY WORTH IT.


HOWEVER, one needs to put a time limit to this. If after 90 days the money has failed to materialise, and no payment plan is in place, then its time to call in the Debt Collector / Recovery agent.

Specialists like this are experienced and trained to get your money out of people. Listen to the recorded interview we did with Clayton Coke of PRMS Ltd talking about ethical debt recovery and how to manage bad debts. You Tube link:

Use These Personal Finance Ideas To Harmony Your Personal Price range

Saturday, December 8th, 2012

The Best Way To Efficiently Control Your Own Funds

Personalized financial isn’t basically about cash. Sound judgment is really a major condition, nonetheless. Managing your finances smartly is actually a learned behavior and many times men and women understand the hard way. Acquire the following tips significantly and then try to put into practice these changes to your budget to have a more happy and stress free existence.

personal loan

Irrespective of how bad things get to suit your needs, you should not be willing to threat your retirement living to get free from a situation. There are several additional options to which you need to change very first so as boost your financial predicament. Harming your future prospective customers to resolve a present problem will simply postpone your misery.

Are you currently wedded? Allow your sweetheart submit an application for loans if she or he has a much better credit score than you. When you have poor credit, spend some time to assemble it with credit cards that you just pay off frequently. After you have accomplished a great credit score, you will end up in series to the lending options you need down the road.

Utilizing more than one bank checking account may help you along with your budget. Have one bank account that may be only accustomed to pay out fixed costs, and the other for spending cash. This helps keep an eye on your cash, and ensure your costs are covered.

Figuring out in case a debt is nice or bad can rely on the goal of your debt. For example, a existing mortgage loan will enhance your credit history. This is a good debt. Attention on property financial loans for residential or commercial properties are income tax insurance deductible in most cases your property boosts in worth over time. Education loans are one more instance of excellent, reasonable debt. Academic personal loans are usually low curiosity, and obligations can be deferred till following graduating.

Saving cash for crisis situations can prove a better top priority than paying down obligations, specially in situations where financial obligations happen in the first place due to emergency situations. While you plan out your contributions to an urgent fund, look at the different kinds of emergency situations which may come up. For instance, have you been likely to will need residence or auto repairs shortly, or do you possess any wellness or health concerns?

Most items feature a certain warranty that addresses them to get a specific time period. Prolonged guarantees make a person a lot of cash, but it really isn’t you.

740 is a superb credit score for you to aspire to obtain if you wish to get yourself a home loan. Scores at that degree can help you protect much better interest levels. Fix your credit history and lift that credit score. Don’t consider to acquire a new home loan should your credit is terrible.

It may seem to be frustrating in order to rehabilitate your funds after many years of overlook. Although with perseverance and perseverance, you can do it. It might take time, but investigation your alternatives and even consider speaking with an economic counselor. The ideas you simply acquired will help you keep your financial situation in order.

John Panama is experienced in marketing with articles methods

Expenses out of control?

Tuesday, February 21st, 2012

Greece has been extended (another) life-line. They’ll be getting €130 billion, with some conditions attached – i.e. to reduce national debt from 160% to 120% of GDP with 8 years… The question is – how do you get to a point where you ‘earn’ £100, but yet ‘spend’ £160? When is the last time you took a serious look at what you were spending? Everyone always seems to have a rough idea of income.. but what about the expenses? Have to checked lately to see if your expenses are out of control??

Credit not so easy for the USA … downgraded from AAA status

Saturday, August 6th, 2011

Standard & Poors have downgraded the USA’s triple A rating… my only question is…. what took them so long ?! The USA have just extended their overdraft … which is already at 13 Trillion Dollars !!! Its outrageous.

Word of warning for you all out there – just because it was AAA in the past… doesn’t mean its AAA now…. times have changed… and are changing… The power is moving EAST.

A lot of well-known businesses and countries trade on their ‘past achievements’ but the current reality is that they’re not all that they’re cracked up to be (any more)… and the businesses trading with them – need to be aware of this.

Otherwise, you can easily find yourself in a position where you are owed hundreds of thousands of pounds…. and you’ve NO CHANCE OF GETTING IT BACK.

Interesting times….