Feeds

Debt collectors coming to get you online

Won't send the Boys round

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Debt collection will go online from March 27 thanks to a Web site aimed at recouping small claims on a pay-as-you go basis. The Credit Protection Association (CPA) will launch a new Web site called getaresult.co.uk that will let smaller businesses grass on late payers. For an advance fee of £22 plus VAT per debt, the CPA will chase the culprits until they squeal. Well, it'll send them a few nasty letters at least. The debt-collecting organisation has invested almost £500,000 in the Web site in the hope of attracting smaller business claimants. In the past, it required customers to pay an upfront annual fee of at least £1,200. The latest service is designed for SMEs chasing a one-off invoice or a series of smaller claims. "With half the UK's small businesses running an average £8,000 overdraft, busy owner-managers need easily implemented strategies for improving credit control," said Ross Clarkson, Credit Protection Association MD. Here are some scary details for the Nation of Shopkeepers: *UK small businesses have a combined overdraft of £4 billion *40 per cent of companies pay their bills at least 15 days late *At any one time, about £20 billion is outstanding in trade debt to SMEs in the UK *Customers logging on to the Web site will lodge their order and pay online. The Credit Protection Association, which claims an 80 per cent success rate in chasing outstanding bills, will do the rest. It will send three letters to the offender, and a solicitor's letter is also included in the fee. *The CPA, founded in 1914, has 2,000 members.® Top excuses not to fall for regarding late payment Waiting for cheque to be signed Lost invoice Cashflow problems Cheque in the post New computer system being installed We pay on 60/90 days not 30 Run out of cheques

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.