Jack Russell Debt Collection’s 3 hot tips.
- Gather as much information on your debtor as possible from the start of your agreement. Doing this will speed up the debt collection process and enable you to act before insolvency should it come to that.
- Get things in writing! Agreements for repayment terms or payment plans should always be agreed in writing and a digital and hard copy should be kept safely with the client’s details to be called on at a minutes notice!
- Act quickly! Don’t be afraid to take action as soon as a payment is missed, by not letting the problem escalate you may be able to resolve it quickly without incurring any extra cost to yourself.
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