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is an online resource for people interested in the “how to’s” from business.
Provided by independent UK practitioners written for the UK market. Donating to UK charity.
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Working for a better small business community
Cashflow
Inflows and outflows
Effective use of credit control
| | Tip#7 Do you know your rights?
If you are extending credit you need to have an understanding of the appropriate rules and regulations. These include the following:
The Late Payment of Commercial Debt (Interest) Act 1998, as amended in 2002.
County Court Process for Judgements.
Enforcement methods such as a Warrant of Execution, Third Party Debt order, Attachment of Earnings or Charging Order.
Or even using a third party mediator if a dispute arises.
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