Debt Collection

Good credit control and debt collection systems are essential for any business selling on credit.

You should ensure your Terms and Conditions are clear regarding agreed payment terms and the adding of collection fees or other charges to overdue accounts.

Having a systematic approach to following up accounts is essential. For smaller trades people, the most efficient way to do this is to outsource the task.

Overall, action is the key. If you do nothing, you get nothing. Taking action, systematically is what gets results. There is no need to become unpleasant or confrontational. Persistence is the key.

For a more in depth look at debt collection services and helpful materials, go to our sister site, Total Debt Solutions New