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Credit Information5 Steps you can take to Get Paid!
by:
Michelle Dunn
There are always several companies that have past due invoices and can’t seem to get them paid. They mightiness be quietly waiting to get paid not wanting to contact the client for fear of appearance “desperate”. Sometimes a big part of the problem is no response, it is bad enough once
you are not acquiring paid, but once
orders support coming in and you are not acquiring any acknowledgement to your collection efforts, you simply can’t support process
orders.
There are steps you can take to get paid on those past due invoices and support new invoices current.
Step #1 Gather together all the past due invoices, and stamp them PAST DUE.
Step #2 If you have an email address or phone number with a contact name for your client, email them or call them and give them the information on the past due invoices and let them cognize their account is on hold.
Step #3 Mail the invoices to your client with return receipt requested or send them in a flat rate Priority Mail envelope with delivery confirmation.
Step #4 Send a letter with these invoices stating the age, invoice numbers, their PO#, your account #, total figure due, and any another pertinent information.
Step #5 Tell them their account is on hold and you wish not be shipping any much products or providing any services to them until these invoices are paid. You can include a self self-addressed
envelope and state that you have basined an envelope for them to send their check. Give them a date, to have this paid to you.
Once they have received the package, email or call them. Ask them what they are doing with the invoices. Ask them questions such as:
Do they have to be sanctioned by person else?
If they have to be approved, who has to approve them and once
wish they give them to that person? Get that person’s direct number if possible. Find out if that person signs the checks.
Are there any discrepancies with the invoices?
When wish the check be cut? Once
can you call back for the check number?
Once all the past due balances are cleared up, you need to think simply about futurity invoices. Do you want to extend credit once again or do you want to have pre-payment or payment at the time of the order. Any you decide put it in writing. If you can several sign the agreement, that is even as better. Remember, having a credit policy in place tells folk you mean business.
Just simply about the author:
Michelle Dunn has over 17 years experience in credit and financial obligation collection. She has written 5 books in her Collection Money Series. For much information on Michelle’s services or to order any of her books please visit www.michelledunn.com& www.credit-and-collections.com
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