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October 2017

Debt Collection News Roundup – September, 2017

Here at Access Credit Management we pride ourselves on keeping up to date with what’s going on the international debt collection industry.  We aim to bring our readers interesting and relevant news about the sector so once a month we publish a News Roundup.  This should keep you up to speed with all the important happenings in the industry and provide you with a valuable resource that that you can use to stay fully informed of all the latest news.  It would be interesting to know what you, the readers, think of the stories that feature here.  Please join in by adding your comments on our

Online Retail – Engaging all the Generations

With so many social media channels on offer, it can be difficult for a business owner to know which one to use to engage effectively with their customers and prospects.  Today we’re going to take a look at the three main generations, Generation X, the Baby Boomers and the Millennials to see what sort of content is most likely to get your message across and which social media channel you should choose.  The general age groups for these three generations are as follows:

Alternative Dispute Resolution – Part One

Over the past few weeks we’ve taken a look at the new pre-action protocol for debt claims which came into force at the beginning of this month.  Part One dealt with how creditors can comply with the new Protocol and this was followed by Part Two which covered what debtors will need to do in order to avoid court proceedings.  In cases where a settlement between the debtor and the creditor cannot be reache

International Trading for SME Owners

If you run your own business, chances are that you already have a website for your business.  This might be a website that allows you to sell online or you might just be using the website as a means of reaching a wider customer-base in order to let them know about your products or services.  If you’re not already selling your products or services online, it’s worth considering making the move to do just that.  Having a website means that your business is visible to a global audience and the next logical step would be to allow prospective customers to place an online order.  This could mean

Alternative Dispute Resolution – Part Two

In recent weeks we’ve explained to our readers the new pre-action protocol for dealing with debt claims that came into force at the beginning of October.  Part One dealt with how creditors can comply with the new Protocol and this was followed by Part Two which covered what debtors will need to do in order to avoid court proceedings.  In cases where a settlement between the debtor and the creditor cannot

It’s Time to Talk About it – Debt Induced Migration

Here at Access Credit Management, we keep a close eye on industry news and developments so that we can make sure we inform our readers of the issues that impact their finances.  While this is not likely to affect any of our readers in a direct way, it’s an issue that affects the whole of society in wider terms.  It seems that people in some developing nations who are struggling with overwhelming debts are taking some pretty extreme measures to pull themselves and their families out of the downward financial spiral that they face.

Hiring and Accountant for SME Owners – Ask the Right Questions

There comes a point in any small business when it’s time to think about hiring an accountant.  While you may have bootstrapped your business this far, keeping start-up costs down and running your business with as little expenditure at first, at some point you’re likely to reach a stage when you need help, even if you’re a sole trader.  After all, not only do you have a business to run and customers/clients to take care of, you also need to do all the administrative tasks that come with running your own business.  One of the most daunting tasks faced by most small business owners is bookkeep

The Biggest Debt on the Planet - $217,000,000,000,000

Don’t worry, that’s not the debt owned by a single person, not even by a single business – it’s the collective debt of everybody on the planet!  According to the Institute of International Finance, global debt has reached a record high of $217 trillion – a massive 327% of the world’s annual economic output.  While most individuals and business owners can find it difficult enough to get their heads around their own personal or business debt, understanding global debt presents even more of a challenge – after all, the number are mind-boggling.  Then there’s the question of “who is global debt

A “Breathing Space” for Debtors

Debt in the UK seems to be an ever increasing problem with the recent news that two parliamentary committees have urged the UK government to launch an independent inquiry into the £200 billion worth of debt collectively facing British households.  The current level of debt has come about on credit cards, personal loans and car deals and debt is now at the same level as it was before the 2008 financial crisis hit.  Moreover, there have been warnings lately from the Bank of England that interest rates are likely to rise as a result of rising inflation coupled with the burgeoning skills shorta