When accounts order and do not pay but are accessible and try to find a way to get their debt paid by a workout plan then you will feel better about extending credit in the future.
When the account does not pay and runs and hides or disputes a good invoice then the account is just trying to steal your products.
When you hire a professional debt collector to force the issue and get your money while you can before their bills pile up and you are at the end of the line.
Technorati Tags Bad Debt, business, collection, commercial, debt, letters, risk
- Get a review of the financial condition of the new customer as a part of your credit policy
- Use your Commercial Debt Collection Agency to run a Risk Analysis so that you will have the basis of risk prior to opening a new account
- Partner with an Agency to assist with your credit policy and when the customer does not pay use your partner collection agency to get your collection completed
Technorati Tags agency, collection, commercial, credit, debt, policy, risk
- Review debtor orders, payment history, communications,current status,ability to make contact,effort being made by customer, risk assessment
- Review staff efforts, review all potential tracks to be followed, be demanding and do not back down, set date to be paid or change course
- Move the debt to a professional debt collection agency, you are being victimized by a professional non payer and you need help
Technorati Tags Add new tag, agency, cash, collection, commercial, debt, receivables, recovery, risk
