Bender Commercial Collection Law
New Jersey Business Collections Attorney
Whenever you have past-due accounts, the first thing to do is contact the customer. In this article, we’ll discuss the importance in commercial debt collections of reaching out early, understanding the customer’s reasons in the hope of resolving them, and documenting them in case you have to sue.
If you sell on credit, at some point you’re likely to have accounts receivable collections issues. Fortunately, you can develop internal policies for detecting problem accounts early and collecting them with or without litigation. This article will discuss several useful policies for collecting accounts receivable.
Your credit terms will make collecting receivables easier by setting a clear time for payment, motivating the customer to pay and giving you home field advantage in any collection action.