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Contractor late payment increases

UK debt collections

Lloyds Bank head of construction Max Jones said: “Slow and late payments can tie up vital funds for far longer than optimal, making it harder for construction businesses to take on new projects or react quickly to any sudden downturns in trading. “UK Contractor late payment is a stain that has long tarnished the construction industry.

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Clearer skies on the horizon – A guest blog by Esker

CICM

The Purchasing Managers Index from IHS/CIPS showed an increase to 61 – its highest since 2013. UK construction growth is the highest for over 5 years as demand sees an increase in raw material cost. The post Clearer skies on the horizon – A guest blog by Esker appeared first on Chartered Institute of Credit Management.

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CICMQ Accredited Companies Discuss Their Current Situation During These Challenging Economic Times

CICM

We had a range of attendees from Health Care, Solicitors, Engineering, Insurance, and Construction, to name a few, which gave us an incredible array of responses to all the questions we posed to them. The first activity to break the ice was to guess how much things cost 20 years ago.

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How to Completely Overhaul Your Credit and Collections Process

Taurus Collect

Let’s transform your approach to credit management. Understanding the Current State To effectively overhaul your credit and collections process, it’s crucial to first assess your current strategy. Friendly Follow-ups : Schedule phone calls to discuss outstanding debts in a constructive manner.

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How to Prevent Bad Debts in 2023. Tips from a Debt Collector

Debt Recoveries

The client might not have the cash on hand to pay right away (this is a concern in the construction sector where milestone payments are typical or in the rural / farming sector where income is dependant on seasonal crop harvesting). . Do you employ a credit management system?

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Price Transparency and What it Means for Your Organization

Credit Management Company

Government officials expect that the information provided by this survey will help construct an initiative for better price transparency. Questions included those related to topics such as the definition of standard charges, pertinent information for patients, disclosure of out-of-pocket costs, and the enforcement of transparency regulations.

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A Review of Supreme Court Justice Amy Coney Barrett’s Prior FDCPA Court Decisions

Collection Industry News

Midland Credit Management, Inc. Second, the plaintiff’s argument that a judgment at trial is a better result than accepting a settlement offer overlooks the construction of a Rule 68 offer of judgment, which would similarly result in a judgment against defendant. Strict Adherence to the Letter of the Law.