Social Networking Guineapig has returned from a very sunny holiday to the wet, miserable, soggy weather here in the UK. She's not a happy guineapig!
Whilst on holiday there was a constant reminder of the UK's Credit Crunch, the Debt Disaster. It was everywhere, news, newspapers, conversation - doom and gloom abound.
A holiday break is the last place you want to be informed of credit disasters. We holiday to relax and unwind - all pressures of credit and debt left safely at home. BUT, your head cannot stay buried in the sand (or the snow as the photograph portrays!). These problems must be faced - by businesses as well as individuals!
Business debt problems can be compounded by late payers. Mark Gardner, Partner at Latimer Hinks Solicitors provides a Debt Recovery Ten Point Plan to help protect and prepare businesses for late payers.
More information can be found here - Local Businesses Must Face Up To Debt and Tackle Late Payers Head on
For quite a few young folk, this recession is probably the first that they have faced whilst in control of their own finances - a frightening prospect. Mark again advises on these issues and what to do to protect yourself before your debt spirals out of control.