Hard times leading to unpaid bills

Small businesses that provide household services are having trouble receiving payments from an increasing number of cash strapped clients, The Daily Telegraph reports.

According to the article, the bills of plumbers, electricians, accountants, architects, builders and mechanics are being left unpaid for longer due to rising interest rates.

Debt collection agency Prushka says businesses are being forced to use tough debt collection tactics including adopting an 'almost relentless attitude' to overdue payments.

Prushka says many small businesses used to be relatively lenient with regard to their payment terms but have tightened up as a result of the growing non-payment trend.

Comments

[UK Debt Management]

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[Inter Financial]

Sadly it is a sign of the times at the moment, everybody is struggling with their bills.