The TCA has launched a financial help line, a free service designed to help its members who find themselves in economic strife.
The scheme, operated by P Receivables Services, provides initial free advice covering a variety of issues, including debt collection legal services, fraud prevention investigations, asset recovery, lender services, turnaround and recovery and personal debt solutions.
"By and large our members are handling the downturn very well, and indeed many of them are reporting an increased demand for their services, but even when we are in a buoyant market there is a need to professional financial advice," said TCA President Keith Warburton. "Independent traders can often find it difficult to secure appropriate business services, this is just one of a new range of useful and beneficial services we will be introducing during the next few weeks." "
Laurie Beagle, Divisional Director at P added "Timely advice and intervention can save a great deal of money. With the margins that most resellers are operating on, one bad debt can push a business to the wall. With our TCA Finance Helpline we are happy to provide the initial advice to TCA Members free of charge."