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Due Diligence - Get to Know Your Customers

Submitted by admin on Mon, 03/14/2016 - 13:20

If you’re running a business then it’s likely that you’ll know who your customers are – after all, you sell to them so it makes sense to know your customers so that you can give them what they want, be it products or services.  However, even if you’ve been dealing with a customer for many years, it’s important to know their legal entity.  This way, if they end up owing you money it will be much easier to take further action to recover any monies owed to you.  If you don’t know your customers’ legal entities, then you may find that getting them to settle a de

The History of Debt Collection Agencies

Submitted by admin on Tue, 03/08/2016 - 11:31

The practice of debt collection has been around for as long as debts – going way back into the history of mankind, as we reported last week in our article about the History of Debt.  We revealed that debts stretch way back into the ancient civilisations, beginning in Sumer in 3000 BC.  In the Middle Ages, once there were laws formulated to specifically deal with debt collection problems, we saw the beginning of debtors’ prisons here in the UK which lasted for a good few centuries until the passing of the 1869 Debtors Act.

The Benefits of a "No Win, No Fee" Debt Collection Service

Submitted by admin on Mon, 03/07/2016 - 11:56

We’ve all come across the term “no win, no fee” – it’s usually an offering made by solicitors to attract clients who need to make a claim for compensation and may not have the necessary funding to cover the costs of hiring a solicitor and taking their claim through the court system.  There are several benefits to be enjoyed from using a “no win, no fee” service, including the fact that the costs are linked to the outcome of the case – if you lose, you don’t pay the solicitor.  The correct term for a “no win, no fee” arrangement is a Conditional Fee Agreement (CFA

The History of Debt

Submitted by admin on Thu, 03/03/2016 - 11:20

Debt in some form or another has been around almost as long as mankind – it goes back to the ancient civilisations, starting with the Sumerians in 3000 BC.  During those days if a debt was owed and not paid back, the debtor and his wife, children and servants would be forced into debt slavery until the creditor recouped his loss through their physical labour!  Some societies carried debts over to subsequent generations and debt slavery would then continue.

Debt Collection News Roundup - February 2016

Submitted by admin on Tue, 03/01/2016 - 11:14

Here at Access Credit Management we like to make sure we bring our readers interesting and relevant news about our industry so once a month we’ll be publishing a News Roundup.  This should keep you up to speed with all the important goings on within the sector so that you have a resource that keeps you fully informed of all the latest news.  It would be interesting to know what you, the readers, think of the stories that feature here.  Please join in by adding your comments below the regular news roundup postings or email us if you come across anything that

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