Invoice Value: £25,019.88 for office rental
Reason for non-payment: ‘Debtor stopped communicating with client’
Action taken: When making calls to the debtor explaining why the debt was owed, we saw the best way to resolve this debt quickly, we changed the focus of our collection to the guarantor. This then opened up all the communication required for the company to not only settle the debt owed, but pay the late fees and charges too, along with our client maintaining their relationship to enter into a new contract with their customer.
Debt Value Collected: £29,744.27