Never Say Die … until you absolutely HAVE to.

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Never Say Die … until you absolutely HAVE to.

Small unpaid account.  Long overdue.  You’ve emailed, written snail-mail letters, phoned and left messages to chase up payment.  All to no avail. Complete silence and lack of response.  What now?

The two main options people normally take are …

1:  Give it to a Debt Collector or Lawyer.

But, if the debt IS a small one, this is very cost INeffective. The Debt Collector will take his 10-20% if successful and the Lawyer will charge you an arm and a leg whether you’re paid or not.

2:  Give up.

But why SHOULD you until you’ve done absolutely everything you possibly can?

The purpose of this post is to suggest a couple of things …

1:  As a final, final attempt (and, presuming that you HAVE already sent a Letter of Demand)

Send a text message to the debtor saying something vague like …

Regarding the <put something in here that will let them know it’s you> matter and previous emails and messages about this – documents are now being prepared. Please contact us if you have any queries. <Your name – Your Company – Your Contact No>

(Over the last few months we’ve sent texts like that with similar wording and much to EVERYONES surprise, they worked. The debtor had ignored everything up until that text message. Many paid just as a result of that text.  Because it’s NOT telling them that something MIGHT happen, it’s telling that something IS happening – right now.)

2:  Stop this happening again.

Get a copy of my “No Phone Calls” Debt Collection System. It’s simple, easy to follow, you implement everything yourself, it costs nothing, gets results for you when implemented – and, of course, no phone calls needed!

By | 2018-08-27T04:05:55+00:00 August 27th, 2018|Uncategorized|0 Comments

About the Author:

Have you ever wondered why a client does business with you and then ignores your invoice like they had no intention of paying it in the first place or they treat you like their own personal line of credit, leaving YOU dangling, waiting months for their payment? Unfortunately this situation is all too common and can even be puzzling for the most experienced business owner. If you’ve ever had to handle outstanding accounts or you are just so over non-payers, then we can help. Real-world skills, solutions, tips & strategies to get more accounts paid on time, and, most importantly, how to maintain customer goodwill while keeping YOUR cash flow in the positive. You will find the blog posts helpful but to get real results, contact us by using any of the forms on this site, by email or by phone. I’ve been involved in the management of accounts for over 30 years, heard every excuse in the book, can spot a non-payer at 20 paces. Finance Companies in the 70s (systematic, tough), professional firms in the 80s (no systems, too gentle) and, since then, just about every other sort of business you can think of. I’ve written books on the topic, spoken all over the place about it and the blog in this website is my way of “giving back”. I hope you find it helpful.

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