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Daily Archives: February 2, 2015

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Late payments leave 1 in 10 SMEs with ‘major’ cashflow issues in the UK

British businesses are being hampered by late payments, where 60% of firms are having to wait for 60 days or more for payments. According to research done by Sage, 457 small businesses in the UK expressed that late payment had improved only marginally compared to 12 months ago. However it shows the continuous failure in…

February 2, 2015Debt Collection, NewsBy GCS Blog Admin

Russian lawmaker proposes curbing foreign currency mortgages

A State Duma lawmaker and member of the ruling party in Russia has submitted a bill in parliament to introduce a temporary ban on the collection of mortgage debts in foreign currency. This bill has been drafted to prevent mass default of individual clients and public tension, protection of consumer rights and prevent the real…

February 2, 2015Debt Collection, NewsBy GCS Blog Admin
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