Top 7 Debt Collection Tips

Delinquent accounts have always been a part of every business, and now it is an even bigger part of every business and the older the debt becomes, the harder it is to collect.

  1. Begin collection efforts immediately once an account is approaching the due date.
  2. Follow up.
  3. Utilize certified mail or delivery confirmation.
  4. Hire a collection agency.
  5. Have a credit policy and FOLLOW IT!!
  6. Have signed credit applications from ALL customers.
  7. Check references.
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