Start the collection process the day after the bill becomes due: The longer a debt remains outstanding the less likely it is to ever be paid. If an account was to be paid in 30 days and is not, start chasing the bill on day 31.
Stop credit extension on overdue accounts: Although it is tough to do, particularly if you deal with big business, you must stop extending credit to customers with overdue accounts.
Never be afraid to ask for help and don’t wait too long to call in the experts: A reputable debt collector can help you to collect your overdue accounts, leaving you to focus on other areas of your business. Don’t wait till your account is 120 days overdue to ask for help – the sooner you call the experts, the sooner you get paid.
Debt collectors are not always coming to you with bad intentions. These people are simply trying their best to help you settle your debt so both parties can move forw
When you require the services of commercial debt collections you will need to use a reputable company that can offer you with a range of full services. Below are some of the steps that are followed fo