Piersgoffart.com Ted A. Grant

There are things in life time that have a bad affect on people more than others and the most adverse of these human situations is when a person becomes seriously ill for example. The continual feeling of being unwell drains the spirit as well as the body. Debt problems which can affect someone at an alarming rate are just behind ill health. One of the most important aspects of life is to keep in good health, and enjoying the peak of health is in fact probably the most important thing in life and after good health money is very important to a great many people and when the problem of debt arrives the quality of life is badly affected and the balance and all happiness in life evaporates.

Nobody would of their own accord fall in to ill health and in the exact same way no one would make the decision voluntarily to fall into the trap of debt. Sickness can often be evaded by stopping drinking alcohol, going to the gym, taking vigorous walks, etc. and debt is also not totally unavoidable. Therefore it becomes apparent that even certain illnesses can be avoided and to a great extent debt is very similar. No one ever wants to choose ill health by their own volition just as no one decides under their own steam that debt is what they really want out of life but so saying they end up in debt at the end of the day, although it was not their intention.

Many simply end up in debt by taking out too many different separate bits and pieces of credit in such things as credit cards, personal loans, etc. When someone celebrates his or her 18th birthday, this is the magical age at which they can start legally to apply for all sorts of credit such as credit cards, loans and mortgages and can even buy their first property if they earn enough. This can be the point at which debt problems commence. With the passing of time one credit card becomes three, four, five and even more, and then after buying a home they took out personal loans to fit a new en suite shower room, a new kitchen, new decking, etc. When a persons spending out strips their salary trouble sets in. One must always spend less than he earns or he will run into a host of financial problems. Too much debt scattered around all over the place become a problem to manage and it is now that a debt solution becomes absolutely essential.

It is right then that debt consolidation becomes imperative to solve the burden of all the different debts. Debt consolidation, as the name makes clear, is the lumping of all separate debt into the one repayment, and leaves the one lower payment in the place of all the high interest credit cards, etc.The best method for homeowners to organize debt consolidation is by either a remortgage or a homeowner loan which both have cheap interest rates of about 9% for the secured loan and from 1.84% for the remortgage and this is very low when you compare these rates to the rates of interest charged for credit card at up to 40% or sometimes even higher.

After debt consolidation has been arranged by remortgages or secured loans the homeowner will be free from debt problems and life will revert back to the happy days of the past before debt took over. Debt consolidation by means of a remortgage or a secured loan will make life worth living once again.…

Where a organisation has completed a project for another organisation and has had the job signed off by the Project Manager and then sent in their account only to later find out that the final date for payment has passed and payment has not been collected, and they have not paid despite several phone calls.

If the organisation carrying out the work is small then they may have employed sub-contractors to take on key elements of the project, and these workers will then find themselves in a chain of payment. Each of the parties concerned may have worked together frequently and rely on this carefully formed working relationship to bring in a steady flow of business, so the last thing any of them wants to do is send bailiffs into the organisation which had the project work done in the first place.

The case of what is essentially the main contractor, which is the organisation that employed the sub-contractors, is one where they need to lead the Debt Collection process but in a way that has the least damaging effect on the working relationship they have both ways.

The sub-contract organisation can only really pursue the main contractor, but as they hopefully have been kept up to speed with the payment problems from the client organisation, it is in their interests to work alongside the main contractor rather than pursue them.

The main contractor may well have limited resources with which to manage this problem, not the least of which being money, so they would need to look for the most economic strategy that has a probable chance of concluding the Debt Collection process to a agreeable conclusion for all parties. At this time there seem to be three paths that can be taken to take care of this: Debt Collection agencies, the legal system, and the Do It Yourself approach. Each of these paths has pros and cons that should all be thought through before making the choice.

Each option offers different degrees of service at commensurate cost, ranging from the DIY option needing local resource to execute the process, then the Debt Collection company and finally the legal system where the solicitor can handle the process with minimum time from the client.

The DIY option needs to consist of a suitable package of Debt Collection Software and a fully documented manual on how the Debt Collection method works, how to work the Debt Collection Software, in particular how to compose Debt Collection Letters, which are the documents that will be posted to the client organisation.

These Debt Collection Letters are key to the process so must be checked carefully before beinbg despatched. The Debt Collection Software would also have the capacity to gather user input such as logging activities such as Debt Collection Letters being sent out, letters being received and then the capacity to attach a scanned pdf file.

The final result would be a system that would record including date & time stamp the activities that took place through the Debt Collection operation and could generate a hard copy so that it could be passed over to a Debt Collection company or a solicitor, should this be required. The price of the Debt Collection Software and documentation is likely to be less than.…