But My Invoice Clearly States I Am Entitled To More

Charging interest if you sue to collect outstanding debtYour customer fails to make payment. If payment is not made within 30 days your invoice states that you have the right to more than just the contracted price. You carefully included additional terms on your invoice. These terms stood out in bold type. Your invoice stated that you would add 1 1/2% interest per month. You also stated the customer will pay collection costs, attorney fees and finance charges.

Now you seek to enforce your rights to payment. But you discover that you cannot collect the interest and extra charges even though your invoices clearly state that you are entitled. The customer accepted the invoice and raised no objections. Didn’t the customer then agree to all the terms on the invoice? Continue reading “But My Invoice Clearly States I Am Entitled To More”

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NY Debt Collection Blog: Protect Yourself with Favorable Terms and Conditions

There are many excuses customers can hide behind to avoid payment. By doing a little work in advance of the sale you can overcome your buyer’s objection to payment by incorporating favorable Terms and Conditions in your contract.

Reasons for non-payment vary based upon industry. The excuses need not be creative or original.  Most often the seller can anticipate the Continue reading “NY Debt Collection Blog: Protect Yourself with Favorable Terms and Conditions”

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