Fear of Enforcing Your Rights to Payment Can Put You Out of Business

Sign that reads "going out of business."It’s hard to know when to stop doing business with a non-paying client and start enforcing your rights to payment. Failure to make the decision can put you out of business.

Smart credit policies protect you from doing business with those least likely to pay. And smart collection policy designs maximize recovery on receivables. But these policies are only effective if you use them. Continue reading “Fear of Enforcing Your Rights to Payment Can Put You Out of Business”

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New York Debt Collection Blog: Elevate Your Demand for Payment, Make Your Voice Heard

Related imageYou need to make sure your “voice” is heard when demanding to be paid during your New York Debt Collection process.

People always say that it’s in the “ask”.  How are you asking to be paid?

An advertising client sent over a large claim against a hospital. The claim, a sizable balance, was forwarded with the name of the A/P clerk in charge. We called several times but were never able to reach the clerk by phone. Voice mails were unanswered.  Our email might have been in the inbox buried below more urgent requests, deleted, trapped in spam….

The letter mailed and delivered by the US Post Office, who knows?

Realizing we were not being heard, I elevated the demand for payment and called the CFO’s office. When returning the call a few hours later, The CFO, tried to refer us to the hospital’s A/P clerk. You know the one, the one who ignored us.  No thanks.

If the CFO was too busy to help get our client paid, we would need to Continue reading “New York Debt Collection Blog: Elevate Your Demand for Payment, Make Your Voice Heard”

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New York Debt Collection: Answers to Your Questions

If you are looking to collect some of your receivables in New York, chances are you may have questions about New York Debt Collection.

It would be great to be well informed and be able to anticipate what could happen or understand your rights and how to insure maximum collectability from your receivables?

Chances are you are going to have questions. Questions, you might want to ask a New York collections attorney prior to finding yourself in a situation you might have chosen to avoid.

You may have questions about preventing bad debt, tips to increase your in-house collections, selection of a collection of debt collection attorneys, placements of claims, questions about New York litigation, mediation, arbitration, and Continue reading “New York Debt Collection: Answers to Your Questions”

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