debt-online

B2B Debt Collection: Understanding Late Payment Interest (LPI) and Its Application

Late payments are a persistent challenge in B2B debt collection, affecting cash flow and straining commercial relationships. One effective yet often underused tool available to businesses is Late Payment Interest (LPI). Designed to discourage delayed payments and provide compensation, LPI can play a vital role in commercial debt recovery when applied correctly. This blog will…

Debt Collection

Handling Vulnerable Debtors: Ethical Approaches in Debt Collection

In the world of pre-legal debt recovery, ethical considerations are more important than ever—especially when dealing with vulnerable debtors. Whether due to illness, unemployment, mental health challenges, or personal crises, individuals in vulnerable situations require a sensitive and compliant approach. At Legal Recoveries & Collections (LRC), our commitment to ethical debt collection ensures that both…

debt collection

Debt Collection Strategies for Food Distributors: Protecting Cash Flow

In the fast-moving food distribution industry, maintaining steady cash flow is critical. With high volumes, perishable inventory, and tight margins, delayed or unpaid invoices can quickly disrupt operations. Effective debt collection strategies can help food distributors stay financially healthy and ensure business continuity. Why Cash Flow Is Crucial in Food Distribution Food distributors operate on…