Your options when a debt becomes overdue
Posted in Business Debt, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Reovery, Debtor, Debts, Debts Overdue, Late Paying Customer, Late Payment, Late Payment Law, Late Payment Policy, Overdue Debts, Payment Plan, Recover Payments, Recover Your Debts, Recovering Debt, Service Charge, Service Charge Dispute, Small Businesses, SMEs
Once an invoice exceeds its credit terms, the likelihood of collecting the debt decreases as it grows older, which is why it’s worrying to see that 30% of businesses now classify more than 10% of their debtor book as over 90 days old. DIY Firstly, if you have a dedicated credit control team in house…