Private School Debt
A series of our videos introducing issues faced by Private Schools when dealing with debt such as; The Prevention of Debt, Debt Collection, Litigation, Terms and Conditions and other important, related topics.
Fees in Lieu of Notice
One of the most difficult problems private schools face is when a parent or guardian decides to remove a child from a school without giving a term's notice.
County Court Claims
As debt collectors, our company receives many debt recovery cases from private schools, most of which tend to be in the category of unpaid Fees in Lieu of Notice, invariably, in some cases, ending up as County Court claims.
When to Refer to DCA
As debt collectors, our company receives many debt recovery cases from private schools, most of which tend to be in the category of unpaid Fees in Lieu of Notice.
Meet Mr Bags!
Mr Bags is a little worried. He's the finance manager at Klever Kids Independent School and the school has several outstanding debts from some parents who haven't paid their fees on time.
An Introduction to Our Free Educational Presentations
As part of our service to private school bursars, governors and accounts staff, we offer free educational presentations covering issues such as; The Prevention of Debt, Debt Collection, Litigation, Terms and Conditions and other important, related topics.
The Bursar's Dilemma?
The bursar's dilemma over their clients and customers is probably the most difficult debt collection to solve, and the question is; when do you act and how?
Fees in Lieu of Notice
One of the most common problems that private schools are facing is 'fees in lieu of notice'. This could be down to a parent or guardian failing to give the right terms of notice having found an alternative placement at a state school.
The Importance of Terms and Conditions
It is essential that all private schools have a set of terms and conditions that include a late payment clause. If the parent is in default of payment, the school should not be responsible for picking up the bill.
The Importance of Good Compliance
At some point in every bursar's career there will a need to use a debt collection service. A good debt collection company will comply with pre-litigation protocol and general debt collection compliance.
Anti Money-Laundering Procedures
During a pupil's registration process it is essential that the administration procedure contains an anti money-laundering procedure.
Good Practice when Parents Remove a Child with No Notice
One of the most difficult problems private schools face is the issue of a parent or guardian deciding to remove a child from school without giving a term's notice.
When to Refer Debt to a Collection Agency
We are often asked the question, when is the right time to refer to a debt collection agency?
Common Defences Given For Unpaid Fees In Lieu of Notice
As debt collectors, our company receives many debt recovery cases from private schools, most of which tend to be in the category of unpaid fees in lieu of notice. And invariably, some of these cases will end up as County Court claims.
Setting Suitable Contractual Interest Rates
We as debt collectors will add on all third-party collection costs as well as any contractual late payment interest owed to our client, to maximise the returns and to ensure, wherever is possible, that our fees are paid by the errant party.
The Benefits to Schools in Using a Debt Collection Agency
There are many benefits for a fee-paying school such as yours, when instructing a debt recovery agency. Particularly if you have a clause in your terms and conditions, which allow you to recover our costs.