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Ten common debt recovery mistakes – No 4: Ignoring the costs of debt recovery

2 November 2016

Sarah Everton at Myers & Co in Burslem, Stoke-on-Trent looks at the ten most common mistakes business owners make when it comes to tackling debt recovery, and advises on the best course of action.

 
Mistake 4: Ignoring the costs of debt recovery

Before you embark on a campaign to recover a debt from a customer, it is vital to evaluate the costs that you will incur in doing so.  Obtaining a judgment in the county court may only be the start of the process.  Enforcing a debt can also be costly so it is worth weighing up the likely expenditure against the size of the debts or you may end up losing even more money.

For more information on credit policies or any other debt recovery matter, contact Sarah Everton on 01782 525 012 or email sarah.everton@myerssolicitors.co.uk.

The contents of this article are for the purposes of general awareness only.  They do not purport to constitute legal or professional advice.  The law may have changed since this article was published.  Readers should not act on the basis of the information included and should take appropriate professional advice upon their own particular circumstances.

 
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Sarah Everton

DDI: 01782 525012

E: sarah.everton@myerssolicitors.co.uk



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