Credit Control – Any fool can sell if he doesn’t expect to get paid

With 40 years of debt collecting behind me, it is a constant disappointment how many customers coming to me for help do not actually know who their debtor is. If you give credit, then you really need to know. It dois not matter at all what the company calls itself. Who cares if it is “the Best in London.”  It does not matter a hoot when things go well. BUT when things go wrong there is a world of difference whether the debtor is a limited company or an individual. When a limited company fails to pay, suing is probably pointless. Often all that is left for a bailiff…

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Letting Residential Property

Guarantors A good tenant can be a pleasure. A bad one a disaster. About one in seven of enquiries at the moment are from sad landlords chasing residential rent arrears. Often they have no idea even where the ex-tenant has gone to. We tell them that they have been cheated and they just have to to get on with life. But they can learn. They took up references, but have they thought that the next tenant could be asked to provide a guarantor. The form is simple. Estate agents use them all the time. We have several times come across a guarantor who was on benefit, worthless.  Recently…

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Residential Rent Arrears

Count yourself lucky if you have vacant possession. Write them off and get on with life We generally advise landlords trying to recover RESIDENTIAL rent arrears that unless they have a lot of time to spare they are on a hiding to nothing. The delinquent tenant, if they even know where he/she is, has cheated them and by the time they catch up with him will have left cheating the next landlord too. We work on a “no win no fee” basis, but recently we have relented and for a down payment are now prepared to help recovery. Just two things: 1) Our main hope is that the…

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