Your favourite method of collection

[eribruski]

<div class="bbWrapper">What is your favourite method of collecting from a customer who has gone past terms on their credit purchase?<br /> <br /> <br /> I&#039;m usually pretty good at collecting - never had a delinquent account go past 2 months overdue. But I have one jackass who keeps playing games and his $355 bill is now 8 months past due.<br /> <br /> I can keep calling his cell, but don&#039;t have time to put up with his b.s.. I&#039;ve showed up at his store but he won&#039;t come out of his back office..<br /> <br /> I know what your thinking - why for $355 lol?</div>

 

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[PatrickP]

<div class="bbWrapper">1st I don&#039;t offer to extend credit.<br /> <br /> If They ask I do a credit check. <br /> <br /> If they pass I will extend credit but only one order at a time.<br /> <br /> If they haven&#039;t paid they don&#039;t get their next order.<br /> <br /> If they wont pay I report them to the credit agencies.<br /> <br /> <br /> <br /> Did you do a credit background check before extending credit to them?<br /> <br /> If so report them to the credit agencies. Next time they apply for credit yours will show up. A few years down the road you may get a nice surprise check in the mail from their Atty including penalties and interest if you put that in their original agreement.<br /> <br /> I would suggest for small companies you require they pledge their own personal credit with their social sec. They ever apply for an auto loan or a mortg they will be required to pay off you before getting the new loan.</div>

 

[wade1mil]

<div class="bbWrapper">What do you sell? Can you cut him off until he pays? I would have done this after two months.<br /> <br /> Cell phone -&gt; shut off service<br /> Storage unit -&gt; add your own lock to it or auction<br /> Website subscription -&gt; suspend account</div>

 

[JAJT]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="PatrickP" data-source="post: 241956" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=241956" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-241956">PatrickP said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> If they haven&#039;t paid they don&#039;t get their next order. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> This. <br /> <br /> Then file a grievance with whoever necessary, then move on. You have likely spent way more than $400 chasing this idiot down.<br /> <br /> If he DOES ever pay again, refuse him credit terms for future orders.</div>

 

[XavierYZ]

<div class="bbWrapper">I accept cash cheque or credit card <br /> <br /> Ive done 700k dollars in sales and have lost out on only 400 dollars. Which the bulk of it was labour. So I wrote it off. The best way is COD <br /> <br /> Unless you have a good track record with the client. <br /> <br /> How much more money will it cost you chasing after that money?</div>

 

[DeletedUser2]

<div class="bbWrapper">Get a Really big sign in front of his biz, Paint on it.<br /> <br /> You wont answer your cell, so Maybe this sign will remind you of the 385$ Past Due 8 months now. Pls Pay now....<br /> <br /> <br /> <br /> your client will make the news.<br /> <br /> <br /> <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></div>

 

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[The-J]

<div class="bbWrapper">Cinderblocks and rope. They&#039;ll be swimmin&#039; with the fishes.</div>

 

[eribruski]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="wade1mil" data-source="post: 242038" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=242038" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-242038">wade1mil said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> What do you sell? Can you cut him off until he pays? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I used to own a company that manufactures gluten free baked goods - I&#039;ve closed this line months ago and this is the only retailer that owes money</div>

 

[eribruski]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="XavierYZ" data-source="post: 242046" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=242046" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-242046">XavierYZ said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> How much more money will it cost you chasing after that money? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I will apply interest charges to his account to help compensate.. Losing a bit of money is better than losing all of it</div>

 

[msj484]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="cr8trface" data-source="post: 242286" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=242286" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-242286">cr8trface said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I used to own a company that manufactures gluten free baked goods - I&#039;ve closed this line months ago and this is the only retailer that owes money </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> If this guy knows you have closed the line already, he is thinking you will probably just go away. I&#039;d take some of the advice others have suggested.</div>