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Sep 4
Is it worth it for me to try and Collect from my Past Due Customers?
Question:  Is it worth it for a small business to attempt to go after the money due to them?

Answer:  It depends on the amount of the bill and what information you already have on the customer.  Such as contact information so you can get a hold of them or even take them to small claims court. Depending on the dollar amount and the age of the debt.

TIP:  Be firm about being paid from the beginning.  If a customer knows you are serious, they will be more likely to pay.  If they had to fill out a credit application and/or contract, it shows you're serious.  If you place accounts for collection sooner than later, that also shows you mean business.

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« Steps to set up Your Credit Policy | Main | Four Keys to a Commanding Phone Voice. »

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