2013 is now well and truly underway and it’s business as usual at Debt Collection. As ever it is important to deal with slow and non-payers as and when they show signs of not paying as they should. An old debt is a difficult debt, a debt that easily becomes non-collectable.
You should monitor your clients, good and not so good. In your mind, have a number of days where you are able to give the benefit of doubt. When that time passes. Send your debts to a third party for collection. Third party intervention, maybe is the only action needed to recover your outstanding monies.
The Debt Collection company again will allow further time for payment unless after consultation with the Creditor it is decided to ‘Go Legal’ immediately.