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Credit Control

Acorn2oak
  • 167 posts
  • # 73008

Hi

This was mentioned in the members section - can i ask whether you have to be at the member level to be able to provide this type of service?

Regards

Acorn

  • "Helping small acorns become large oaks"

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Geoff
  • 180 posts
  • # 73057

James

I have posted responses to this in the other section.

Obviously not wishing to lower standards but I would appreciate it if you could enlighten me as to why this is a regulated area?

Yes it could be said that in providing credit control it makes the provider an accountancy service provider - however as far as I can see from HMRC web site on ASP  it would not come within that umbrella.

For instance you could have someone sitting at a desk all day making calls for debts and /or issuing proceedings but without having any physical input into the recording of any transactions - ie they are not a bookkeeper.

Geoff
kjmcculloch
  • 1159 posts
  • # 74234

I've been wondering lately when credit control becomes debt collecting, and if we need an OFT Credit License for this?

Kris 
kjmcculloch
  • 1159 posts
  • # 74255

Thats great James,

So gentle reminders (or not so gentle) by phone or mail on behalf a of a client should be ok, so long as the payment goes directly to the client.  I assume preparing court papers for the client to take the debt to the small claims court is also in order?

Kris  
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