Three ways to improve cashflow.
Firstly, you will need to* KNOW what your Debtors Day ratio is which measures how quickly cash is being collected from debtors. (If you don't know, but DO know what your annual fees are, click [...]
Spot The Techniques …
Background:* Dec 2018 - Invoice raised.* Partners very reluctant to follow up debt. “I will not pay for any work done for Matthew (debtors ex-business partner)”.* 16 Oct 2019 - Finally released for follow up.* 18 [...]
When You’ve Just “Had Enough”
A simple but very effective “Demand Email/Letter” format. Dear Mr Jones, Records show that * The balance on your account is $4,047.74. * An arrangement was made for you to pay the remainder of your [...]
Text Messages Work
VERY RECENT CASE STUDY - Wednesday, 18 September 2019 - 1.45pm1 The debt had been factored. About $35,000. (Factoring is where a third party pays the creditor on behalf of the debtor. The debtor can [...]
Being Ignored? Try this …
Debtor not replying? 'Small' debt?Too small and expensive to take to court? What to do? Try this ... Dear Mr Smith,Records indicate that we have now tried every reasonable way to have this account settled [...]
Six Quick PRACTICAL Tips To Speed Up Payments
Just in time for Christmas!*TIP #1 - Text Messages If you've got a mobile phone, your debtor probably has one too. Send a text msg to them from a service like SMS-IT. It's sent from [...]
