DEBT COLLECTION: HOW DO YOU DECIDE WHEN TO ISSUE LEGAL PROCEEDINGS?
Debt Recoveries
MARCH 19, 2023
Taking debt collection action quickly is important to increase the chance of recovering payment. The longer the process of chasing letters, emails, and calls is repeated, the less likely it is to recover the debt. When setting payment terms, if the customer has not paid by the due date, the late payment becomes debt.
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