Debt Recovery Tips:
At what stage does an outstanding invoice become a debt ? 60 days overdue should be considered as debt recovery Up to 60 days, your contact with the debtor must be frequent and effective At 60 days look for the profitable solution, creditor or debtor can initiate profitable solutions Make it your business to know the debtor’s true financial position Do not set internal debt recovery budgets expand and improve your debt recovery action to be effective & efficient Set budgets for outside services: solicitor and debt agency Successful Debt Recovery depends on having good information about your customer: use an application form TALK to your customer at least once before going to court Get one of your staff on a Debt Recovery course Do not ignore the warning signs of impending debt | 
Debt Collection 
