Who We Are & Who We Help

WHO WE ARE Carlisle Solicitors is a commercially focused legal practice that delivers specialist debt recovery advice to clients.  Our goal is simple - get businesses paid faster.  We do so through the relentless pursuit of our clients’ needs,

Safe Trading Steps

Prior to veering down the legal route for debt collection, it is important to know how to trade safely. Here are some tips to consider while trading

Day Sales Outstanding (DSO)

Day Sales Outstanding (DSO) is a financial calculation that helps a company determine the number of days, on average, it takes for them to collect payment from credit sales of the business. It is a calculation that, if used, should be taken on a regular basis, preferably monthly so that over time you can spot any trends or movements in the number of days it takes your company to be paid.

Judgement in Default in Debt Collection Cases

In some cases, a debt may be collected simply by issuing a demand letter, giving the debtor 7 days to pay the debt to you. However, this can differ from case to case and depend on your situation, it can be a more difficult process that will take longer than the initial 7-day demand letter. In such cases, you may commence with legal action and if you still hear nothing back from your debtor then you may proceed to obtain judgment in default.

Property Management Companies; A Debt Collection Strategy

Once the debt recovery process has been agreed, an often-unexplored area of credit control is for the property management company to step outside the box and focus on a softer approach to credit control. You would be surprised how effective communication, community management as well as reputation management combined can help to reduce the number of service charges that a property management company needs to chase.

How To Make Bad Debts Better in Poor Paying Industries

For companies in these industries, difficulty in getting paid can be frustrating. After a period of time and multiple requests for payment, a company may turn to a debt collection agency for assistance in recovering the debt from their debtor. This is one way of recovering your debts but you may only be able to go so far without a legal process to back up your efforts. This is why, taking the next step and going legal may be your only alternative.