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Everything you need to know about Debt Collection
We update our blogs with impartial and up to date information regularly. You can trust Redwood to provide you all the relevant help and advice on debt collection.
Featured Articles
The truth about debt collection and small businesses
01 March 2024
Find out why, as a small business owner, you shouldn’t be put off getting professional help to recover what you’re owed.
What is debt recovery?
01 November 2021
Managing debtors and chasing overdue payments can be a time-consuming business. If your finance team is over-stretched, it could be time to seek external debt recovery support.
Latest Articles
Credit guidance for construction firms and contractors
04 January 2023
There’s nothing more frustrating than not getting paid on time for work you’ve done. Unfortunately, it’s an all-too-common occurrence in the construction industry, particularly for contractors and SME building firms. Fortunately, there are ways and means to expedite payment and keep your cash flow in good shape.
Is there a link between debt and cryptocurrency?
21 December 2022
Did you know that over 60% of crypto investments are funded by conventional borrowing? That’s a lot of unsecured debt which could go bad, compromising many people’s finances and having a knock-on effect for all kinds of businesses.
Five warning signs that a business is in financial trouble
09 November 2022
Any business can experience temporary cash flow problems. However, as a creditor, it's important for you to spot the difference between a customer that's going through a rough patch and one that could be going bust.
How do debt collection agencies communicate with debtors?
09 November 2022
Good communication is at the heart of the debt collection process. There's more to chasing an overdue debt than simply sending a statement of account and a reminder. Here's how a professional debt agency undertakes the debt collection process.