Press Release Summary = The Credit Services Association (CSA) reveals the new search report suggesting that majority of the British business firms are seeking court's help at an early stage to recover the debts. The trend is expected to bring a lasting impact on the business relationships between the firms in future.
Press Release Body = The Credit Services Association (CSA) reveals the new search report suggesting that majority of the British business firms are seeking court's help at an early stage to recover the debts. The trend is expected to bring a lasting impact on the business relationships between the firms in future.
London (adverse-credit-business-loans) August 18, 2006: In a survey conducted by the members of the Credit Service Association (CSA), which represents the UK debt collection industry had reported a trend towards business enterprises requesting debt agencies to commence the legal proceedings against their clients at their soonest.
The move could potentially damage the possibilities of establishment of future business relationship between the two firms. The CSA's Godfrey Lancashire commented that debt collection agencies were instructed to go legal within a matter of days. He also added that the current trend suggested that the businesses wanted their cash and saw litigation as the fastest way of getting it.
Mr Lancashire had further revealed that the majority of debts were recovered without having to resort to the courts and without any additional coats. The relationships between the two businesses firms in no way jeopardised for future.
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