Tavelli Co., Inc.
Jun 15, 2021

Ways to Collect on Past-Due Commercial Debts

Commercial Debt Collection Agency Near Me

Non-payment of commercial debts can put enormous financial strain on businesses of all shapes and sizes and is one of the biggest issues that companies can face regularly. To prevent non-payments, it is best to develop a thorough process for accounts receivable and invoicing to streamline your billing and collections processes.

Putting everything in writing and having a contract will help safeguard not only your business, but also the business that you are working with. Decide on a payment schedule that suits both parties. Establish terms and conditions, the scope of work, and late payment policies so that they are clearly detailed to avoid confusion and conflict of interests.

Despite all of your efforts, some clients may elect to not pay per your agreement or contract. Non-paying clients are bad news for any business and can put unnecessary strain on your cash flow.

Assuring that you are correctly and thoroughly documenting the agreed upon terms while collecting the appropriate documentation can help save you a headache. Not only will it help streamline your current payment process, it can also help your nearby commercial debt collection agency collect on your behalf should you need to utilize their services.

Here are some ways that you can collect on past-due commercial debts.

Follow Up with Non-paying Clients

Every non-paying client is not a habitual defaulter. Some clients have too much on their plates and may be so engrossed in their work that they miss payments. Others are simply disorganized or forgetful.

Before you call a non-paying client, send them an appropriate communication, requesting payment as per the terms of the agreement. If you still don’t hear from the client, make a collection call.

Be respectful when reminding them of the past-due invoice. If a client wants to pay immediately, accept the payment over the phone.

Send Invoices Right Away

After you complete a job, send the corresponding invoice immediately. Stay on top of it and properly track it until the client pays. Having the systems in place to conveniently and quickly send invoices to customers will help keep their payment top of mind and alleviate pressure on your business. Be sure to keep and store all invoices so that you have a thorough paper trail should the debt go to collections.

Hire a Debt Collection Agency

Pursuing a non-paying client can be a frustrating, draining, and a negative experience if not handled correctly. Help alleviate this strain by partnering with a local, reputable commercial debt collection agency near you. Your collection agency serves as your escalation partner for past-due debts, so you should make sure that they will protect your brand and empathize with the situation of your debtors while effectively processing the debt.

Collection with empathy is the Tavelli Co way. We pride ourselves on respecting both the debtor and our clients, helping you collect intelligently and respectfully.

Are non-paying clients adding unnecessary strain on your business? Let Tavelli Co., Inc. deal with them. We have developed tried-and-tested collection methods that help us amicably collect your business’s past-due debts. To begin forming our partnership, call us at (707) 509-5565.

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IMPORTANT: Information provided by Tavelli Co., Inc., any employees of Tavelli Co., Inc., or its subsidiaries is not intended as legal advice and may not be used as legal advice. It is not intended to be a full and exhaustive explanation of the law in any area, nor should it be used to replace the advice of your own legal counsel.

Tavelli Co., Inc. has over 37 years of unparalleled experience in the debt collection and receivables management industry. Our mission is to achieve the right balance between getting clients paid and being empathetic to debtor circumstances, through implementing innovative practices, hiring experienced people, and improving business decisions through analytics. We provide peace of mind to all involved by collecting money with no complaints. Tavelli Co., Inc. takes the time to carefully listen to your customers and share their feedback with you through meaningful data and transparent communication, so you have access to the information you need to make quality decisions and improve your processes in the future. Contact us today and let the debt collection experts at Tavelli Co., Inc. help you set your business up for success.