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How do I get my Debtors to pay?

Posted on April 8th, 2009

It is apparent that some businesses are being treated like banks by their debtors.

Remember, if you offer credit, your client is obliged to meet your repayment requirements. If they do not do this, you are quite within your rights to pass the debt to us for collection.

Most frequently, debt recovery is more effective and achieved more rapidly if the debt comes to us sooner rather than later.

Don’t wait until the debt reaches your 90 Day column; pass it to us as soon as it is overdue. This establishes with your client that you will indeed enforce your terms of trade. It also makes it more difficult for them to hide.

REMEMBER - CASH FLOW IS KING!

We are happy to discuss with you any questions you may have aimed at assisting your business protect your cash flow.

Please email me:

Doug Abraham

douga@abrahamconsultants.co.nz

Filed under Debt Collection |