Tag Archives: payment

5 clues your customer is not going to pay you

There isn’t a business out there that is immune to slow payers or non-paying customers, but what can you do to prevent this from happening?  Keeping an eye on your customers’ accounts is an important part of preventing bad debt … Continue reading

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Posted in Being a Great Collector, Collection Tools, Collections for Creditors, Credit Crisis, Credit Policy Questions, Getting Paid - Michelle Dunn - Business Finance Columni | Tagged , , , , , , | 2 Comments

Keep your Cash Flowing!

When you are setting up payment arrangements it is a two way street, you create the rules and your customers have to play by them if they want to do business with you.  It is up to you to be … Continue reading

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Posted in Being a Great Collector, Business Credit, Credit Crisis, Economic Crisis, Payment Plans | Tagged , , , | Leave a comment

Dealing with Deductions

You have a credit approved customer that has been doing business with you for a couple of months now.  They have been paying on time and placing steady orders.  Suddenly you receive a check with a deduction on it.  It … Continue reading

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Why offer payment plans?

Everyone wants to get paid in full and on time but the most important reason you want to offer payment arrangements is to get paid something when you are getting paid nothing. If a customer is avoiding you or becoming … Continue reading

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How Payment Plans help your Business

Many business owners don’t like to offer payment plans, it is more book keeping for them and a hassle they don’t want to deal with.  Keep in mind that if someone owes you money and are having trouble paying the … Continue reading

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Posted in Business Credit, Helping Debtors, Payment Plans | Tagged , , , , , | Leave a comment

Ask Michelle – Contract dispute

This question is from someone who owns and runs a locksmith company. I run a mobile locksmith business in Colorado. A local used car dealership requested my services to make new keys for 6 of their repossessed vehicles.  I provided … Continue reading

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Posted in Ask Michelle, Business Credit, collection agencies, Collection Tools, Collections for Creditors, Excuses, Getting Paid - Michelle Dunn - Business Finance Columni | Tagged , , , , , | Leave a comment