Cash in on your Written off Debts

1st December 2011

Have you had a debt / invoice on your ledger that you have chased for months and not been paid for and at year end the decision is to write it off as a bad debt? Resigned to the fact that you will not get paid for work done? Are you aware that these written off invoices may still be recoverable? Under the Limitations Act 1980 invoices have a six year life.

Not only can you request payment you are entitled to charge interest Late Payment of Commercial Debts (Interest) Act 1998 Interest at 8% over base rate 1st Nov 1998 for small suppliers to large customers 1st Nov 2000 for small suppliers to small customers Late Payment of Commercial Debts Regulations 2002 Additional fixed penalty charge £40, £70 or £100 as well as the 8% over base rate of interest 7th Aug 2002 applicable to all commercial contracts Commercial Credit Control Ltd work on a -No win No fee basis. If you have written off invoices in the past six years we may be able to recover the invoice with interest and the late payment charges. Contact: 0870 108 4561 Email : info@commercialcreditcontrol.co.uk www.commercialcreditcontrol.co.uk