Aged Debt Collection Service
Assuming that your terms are 30 days, and your debtor hasn’t paid after 120 days, the chances are that you’ll already be making provision for a bad-debt write-off. That’s before you entrust us with third-party collection in our name. In our experience, if your debtor is solvent and liquid, they’ll want to continue to attract credit terms with you, as well as other creditors. We’ll explain that protracted default will damage their credit rating and, with it, negate their ability to get further credit.
We’ll then leverage this position to ensure that your invoice, plus the Late Payment Act interest and compensation, is given priority over their other unpaid bills.
