Bad Debt Protection protects your business against the impact of a customer insolvency or non-payment. It is available as an option for any Aldermore Invoice Finance client.
- We can provide a Bad Debt Protected limit for each of your customers
- You can protect the whole of your sales ledger or choose selected customers
- We will protect up to 95% of the debt outstanding after VAT as long as the balance exceeds £500
- Bad Debt Protection can cover both UK and Export customers
Bad Debt Protection can help a wide range of businesses, and is available as an option alongside your Aldermore Invoice Finance facility. We could help your business if:
- The impact of a bad debt could have a catastrophic affect on your business cash flow
- You want to grow your business knowing your cash book is protected
- You have had previous experience of a customer bad debt
- You have some customers that represent a large % of your sales ledger
Bad Debt Protection is a sensible choice for any business wishing to safeguard against potential losses which may be incurred by the formal insolvency of customers or protracted default debts. Any Aldermore Invoice Finance customer can take out Bad Debt Protection with us.
Based on the profile of your customers we will provide you with the level of protection we can offer, and you decide on the level of service you wish to take. We will always agree costs with you up front so you know exactly how much the service will cost.