Far better would be for government to deal with the issue. If HMRC were responsible for collecting late payment interest and debt collection fees then I suspect terms would be adhered to.
Think of it as Tax Credits for business.
NeilW
Philip Woodgate
· 3 years ago
It's a nice thought Neil has, but I'm not confident it would ever happen.
I do like the idea Dennis came up with as it's simple and transparent.
Dennis Howlett
· 3 years ago
Transprency - that's the key to building good business and relationships - nice one Philip. BTW - anyone know an easy way to get in touch with these outfits? Their websites are great at flogging services but rubbish at communications.
John Paylor
· 3 years ago
Equifax and Experian seem to be unusually profitable left overs from the old catalogue companies, concentrating on consumer credit, with its own rules and objectives. If a consumer has lots of credit checks this is all recorded and counts as adverse, making the task of applying for loans to hard sell telephone operators a risky business - there's not much opportunity to change your mind after putting the phone down. It just seems to make life easier for our hard-pressed credit insurers, thoough.
Dennis Howlett
· 3 years ago
Interesting points John - so what's the answer? How could these companies change so as to be of genuine help to SMEs?
All Comments
Think of it as Tax Credits for business.
NeilW
I do like the idea Dennis came up with as it's simple and transparent.