CBC International

Archive for April, 2011

Reminder – Opening Hours

Thursday, April 28th, 2011

Further to our blog entry on Thursday 21st April 2011, we wish to remind everyone that our offices will be closed on the following dates,

Friday 29th April 2011

Monday 2nd May 2011

Should you wish to make any payments during this period, please review our correspondence for various different repayment methods.  Please also ensure that you include your full account reference with every payment, to enable us to allocate it to your account.

You may email any of our collectors as normal and they will respond to you upon their return to the office.

If you have a general query please email enquiries@cbc-international.co.uk

Institute of Credit Management and CBC International

Wednesday, April 27th, 2011

CBC International has entered into an agreement with the Institute of Credit Management (‘ICM’) to provide mediation services to its members.

As many organisations and businesses still struggle to recover from the effects of the recession, the importance of effective financial management and cash-flow policies could not be higher.  The Institute of Credit Management has recognised the valuable role that mediation is able to offer businesses at an early stage of an accounting cycle, particularly the ability to negotiate appropriate terms of repayment as a alternative to commencing predictable legal proceedings where a genuine dispute exists between the parties.

The cost and delay of legal proceedings, both in terms of hidden and actual costs, are known to have a direct negative impact on cash flow and profitability. The new mediation service involves the appointment of UK based mediator, CBC International is probably the only commercial organisation of its kind that employs in-house accredited mediators. This is ideal for clients that want to avoid Court action in disputes and at the same time save on substantial legal fees.  The service is the first dedicated mediation service the ICM has offered to its membership of over 10,000 credit management specialists.  The service is jointly facilitated by the ADR Group and is the oldest specialist dispute resolution organisation in the UK.  For further information about the service please contact CBC International’s Managing Director, Roy Caligari on 0151 515 3014 or E-mail: roy@cbc-international.co.uk

Easter Opening Hours

Thursday, April 21st, 2011

Please note that our offices will be closed on the following dates in accordance with UK public holidays,

Friday 22nd April 2011

Monday 25th April 2011

Friday 29th April 201

Monday 2nd May 2011

Should you wish to make any payments during this period, please review our correspondence for various different repayment methods.  Please also ensure that you include your full account reference with every payment, to enable us to allocate it to your account.

You may email any of our collectors as normal and they will respond to you upon their return to the office.

CBC would like to wish you all an enjoyable Easter break.

A to Z Debt Glossary – "I"

Thursday, April 21st, 2011

Interest

The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal; the rate is dependent upon the time value of money, the credit risk of the borrower, and the inflation rate.

A to Z Debt Glossary – "H"

Tuesday, April 12th, 2011

High Court Enforcement Officer (HCEOs)

Execute the judgments and orders of the High Court and County Courts of England and Wales.  They are men and women who are authorised personally by the Lord Chancellor or his designated person pursuant to paragraph 2 (1) of Schedule 7 of the Courts Act 2003 and Regulation 6 of the High Court Enforcement Officers Regulations 2004.

A to Z Debt Glossary – "G"

Monday, April 11th, 2011

Garnishee

A third party who is served notice by a court to surrender money in settlement of a debt or claim

A to Z Debt Glossary – "F"

Wednesday, April 6th, 2011

Full & Final Settlement

An agreement reached by the parties to a lawsuit, usually in writing, to settle the a case without incurring further costs.  It can also be used outside of a lawsuit when attempting to offer a reduced settlement of a debt.

A to Z Debt Glossary – "E"

Tuesday, April 5th, 2011

Earnings Arrestment Order

When the Scottish court makes an Enforcement Order (EO), it also grants a warrant for civil diligence. This warrant gives the Fine Enforcement Officer the power to carry out the following types of diligence if you default in payment:

  • Arrestment of earnings; and
  • Arrestment of funds in accounts held at any bank or other financial institution.

The Fine Enforcement Officers power to carry out these types of diligence is regulated by the Scottish Ministers.



Vacation Membership Debt Recovery (Update)

Monday, April 4th, 2011

April 2011

We are pleased to confirm that we have now received instructions from two large vacation membership organisations who are based in Malaga & Tenerife respectively. This is thanks to the success of our collection work for both of them in 2010.

We have also commenced work for another large vacation membership organisation based in TenerifeStephen Rose, Client Services Manager of CBC International said, “I am pleased that CBC’s reputation has attracted another large client within this particular industry.  I have no doubt we will provide them with an excellent service and we look forward to a long standing business relationship.”

If you would like to discuss how CBC International can help your organisation, or you would like to discuss any aspects of our services, please contact us by telephone on +44 151 515 3014 or email us and we will be happy to discuss any requirements you may have.

March 2011

We’ve recently had positive discussions with two of our existing clients and we are set to receive further instructions from them over the next few months.  We are pleased that our hard work will result in further instructions, as our collection expertise is progressing strongly within this industry.

November 2010

We have recently been in discussions with a worldwide vacations club with regards to assisting them with collections through their office in Thailand.  We hope this could be the beginning of a long standing business relationship and we are confident in producing good quality results for this client.

October 2010

We have recently been instructed by a professional property management company in Cyprus to recover their outstanding maintenance charges from UK owners.

We are also in discussions with other resorts throughout Europe who wish to utilise our expertise in this field.

August 2010

This month, we have received a number of new instructions from a large tourist complex based in the Canary Islands.  Instructions have been received from this firm for several years and we are pleased that our proven track record in recovering their accounts has resulted in us being instructed again.

June 2010

Since our blog post in November 2009, we have secured work from another two large Vacation Membership organisations who are based in Malaga & Tenerife respectively.

We now provide our services to a number of main Vacation Membership resorts throughout Europe and we are looking to approach further operators within the industry to discuss our services in 2010 and beyond.  We now have an in depth knowledge of the industry enabling us to resolve a number of issues and ultimately recover more outstanding fees for our clients.

November 2009

CBC International has been the appointed Debt Recovery specialists for a large tourist complex in the Canary Islands since 2006.  We are pleased to announce that as of today, we have been appointed in a similar capacity by one of Europe’s leading Vacation Membership companies.