has anybody of the sole traders among you had to deal with debt recovery in their trade? I am at the final stage and still not sure if solicitor is better than debt recovery agency. This is a racing related question as outcome will affect my ability to do some meetings
The key thing is do you know what the problem is? there are usually three reasons people do not pay: They dispute you invoice, they can't pay (usually because they do not have the money), or they wont pay (usually because they think they can get away with it). I have usually followed the following path for each case; Dispute = Solicitors, which usually costs but you get your money Cant pay = Personal visit agree terms or goods to the value etc, which usually means you eventaully get your money Wont pay = Sell debt to nasty people, which results is you getting something back (depending on amount, type of debt and circumstance anything from 40% - 75%) and the satisfaction that there lives become very very unpleasant!
thanks all for answer and Mark for PM. I really hate having to go through all this although is the first time for me and it seems that it is a normal event for all in independent business. I looked at https://www.pcg.org.uk/subscribe/package which seems ok.