5 Steps You Can Take to Get Paid!
There are always some companies that have past due invoices and can't seem to get them paid. They might be quietly waiting to get paid not wanting to contact the client for fear of appearing "desperate". Sometimes a big part of the problem is no response, it is bad enough when you are not getting paid, but when orders keep coming in and you are not getting any acknowledgement to your collection efforts, you just can't keep processing orders.
There are steps you can take to get paid on those past due invoices and keep new invoices current.
Step #1 Gather together all the past due invoices, and stamp them PAST DUE.
Step #2 If you have an email address or phone number with a contact name for your client, email them or call them and give them the information on the past due invoices and let them know their account is on hold.
Step #3 Mail the invoices to your client with return receipt requested or send them in a flat rate Priority Mail envelope with delivery confirmation.
Step #4 Send a letter with these invoices stating the age, invoice numbers, their PO#, your account #, total amount due, and any other pertinent information.
Step #5 Tell them their account is on hold and you will not be shipping any more products or providing any services to them until these invoices are paid. You can include a self addressed envelope and state that you have enclosed an envelope for them to send their check. Give them a date, to have this paid to you.
Once they have received the package, email or call them. Ask them what they are doing with the invoices. Ask them questions such as:
Do they have to be approved by someone else?
If they have to be approved, who has to approve them and when will they give them to that person? Get that person's direct number if possible. Find out if that person signs the checks.
Are there any discrepancies with the invoices?
When will the check be cut? When can you call back for the check number?
Once all the past due balances are cleared up, you need to think about future invoices. Do you want to extend credit again or do you want to have pre-payment or payment at the time of the order. Whatever you decide put it in writing. If you can both sign the agreement, that is even better. Remember, having a credit policy in place tells people you mean business.
Michelle Dunn has over 17 years experience in Credit and Debt collection. She is the founder and president of Never Dunn Publishing, LLC, is a writer, publisher, consultant and the Editorial Advisor for Eli Financial Debt Collection Compliance Alert Newsletter.
Michelle started M.A.D. Collection Agency in January 1998 and ran it successfully until she sold it in December 2004. She owns and runs Credit & Collections.com an online community for credit and business professionals. http://www.credit-and-collections.com
Michell e has been featured in Ladies Home Journal, PC World, Home Business Magazine, Home Business Journal, Entrepreneur, The Internet Web Source, Professional Collector, and in Home Based Business for Dummies, Shameless Marketing for Brazen Hussies, From the Home-Front The Simple guide to starting and Running a Home based business, she was a featured guest on (NPR) National Public Radio and has been in many newspapers nationwide. She has many published articles and 3 published books to add to her list of accomplishments.
 Google News Updated : Mon, 07 Jul 2008 00:55:50 GMT Google, Zen Master of the Market - New York Times
New York Times - By STEVE LOHR Bill Gates, who walked away from full-time work at Microsoft last month, was perhaps the foremost applied economist of the second half of the 20th century. Why Microsoft will win Yahoo Yahoo! re-enters merger talks with Time Warner Publ.Date : Sun, 06 Jul 2008 22:57:50 GMT Obama cites faith as key to change - Boston Globe Boston Globe - Barack Obama called "active faith" an obligation of religious Americans and a chief agent of societal change in a speech yesterday at the national meeting of a black church group. Veterans Group Urges Support to 'Finish the Job' Veterans’ Group Critical of Obama Plans Costly Ad Campaign Publ.Date : Sun, 06 Jul 2008 06:58:31 GMT Bosox, Cubs each put 7 players on All-Star rosters - The Associated Press
The Associated Press - NEW YORK (AP) - Maybe Manny Ramirez, Alfonso Soriano and the rest of the Boston Red Sox and Chicago Cubs should just play their own All-Star game. All-Star rosters revealed Cubs win 7-1 and seven All-Stars; I'd say it was a good day Publ.Date : Mon, 07 Jul 2008 00:00:58 GMT 'Hancock' a signature opening for Smith - Los Angeles Times
Los Angeles Times - The offbeat superhero story brings in $66 million over the holiday weekend, marking the star's eighth straight No. 1. He's hot, but the reviews were not. ‘Hancock’ Powers to the Top of Box Office Will Smith is box office superhero with 'Hancock' Publ.Date : Mon, 07 Jul 2008 00:03:03 GMT Obama Campaign Criticizes Rival McCain's Economic Proposals - Bloomberg
Bloomberg - By Alison Vekshin July 6 (Bloomberg) -- Democratic presidential candidate Barack Obama's advisers criticized Republican rival John McCain's economic proposals as both candidates prepared to focus on the US economy this week. Obama Advisers Tout Tax Plan That topic we love to hate Publ.Date : Sun, 06 Jul 2008 19:27:55 GMT AT&T's Odd iPhone Offer - TechNewsWorld
TechNewsWorld - By Eric Benderoff Some of the details surrounding AT&T's iPhone prices make little sense, writes Eric Benderoff. The company will sell a 3G iPhone with no contract for a $400 premium. iPhone 3G line forms in NYC for a green cause New iPhone Can Decouple From AT&T, for a Price Publ.Date : Sun, 06 Jul 2008 11:04:21 GMT Weather Channel Is Sold to NBC and Equity Firms - New York Times New York Times - By MICHAEL J. de la MERCED An investor group led by NBC Universal and two private equity firms clinched a deal for the Weather Channel on Sunday after three weeks of negotiations. NBC Universal, Bain, Blackstone Buy Weather Channel (Update1) NBC and its Partners Announce Deal To Buy Weather Channel and Assets Publ.Date : Sun, 06 Jul 2008 21:48:12 GMT Make Money From Home |
PARLOT::Ebooks, Scripts,
Websites, and more... 1. Deleting Errors in 48 HoursThis is the absolute fastest... Read More His hard earned money? Gone. Creditors on his back everyday.... Read More ChexSystems is a company that maintains a subscriber membership service... Read More It goes without saying that your first and best defense... Read More You've probably heard the term credit scoring. You may have... Read More "Easy Low Down Monthly Payment," "Buy Now Pay Later," "You... Read More Credit Cards and Loans sounds like just two things, but... Read More Here are some useful tips on using credit cards. Whether... Read More Credit and charge card fraud costs cardholders and issuers hundreds... Read More Do you have enormous credit card debt? You are certainly... Read More Credit card companies want your business. After all, lending money... Read More A "rate tart" is someone who switches from one zero... Read More Article excerpted from the new book, "How to Do Space... Read More Maybe some of you are saving it in your trusty... Read More Having a damaging credit record can hurt you in many... Read More As of Thursday, December 1, 2004, one-third of Americans will... Read More Most of us want a good credit report to obtain... Read More You hear people talk about credit reports all the time... Read More A check can be considered bad if it is bogus... Read More If you want to enjoy your life out of spending,... Read More When you're dealing with credit cards, you're playing with fire.... Read More What Is Your Credit Rating Now?If you have any charge... Read More Negotiable instruments like checks and drafts have become an indispensable... Read More Collection agencies are businesses that collect past-due bills and accounts... Read More Credit cards are just so convenient, aren't they? There's no... Read More
Adsense
websites
10 Ways To Boost Your Credit Score
Identity Theft : They Got Him
ChexSystems: Who They Are and How it Affects You
Five Credit Card Billing Problems and How to Fix Them
Credit Scoring: What You Dont Know Can Hurt You
Dont Trade Your Future for Todays DooDads
Credit Cards And Loans - So Many Options - So Little Time
Useful Tips on Using Credit Cards
Useful Tips On Avoiding Credit and Charge Card Fraud
5 Surefire Ways To Eliminate Credit Card Debt
Credit Card Incentives
Rate Tarts Losing Ability to Cherry Pick
Avoiding ID Theft and Credit Fraud
Have You Ever Opened a Checking Account?
Learn How to Improve Your Credit Score
New Law Provides Free Annual Credit Report
Is Your Credit Score Costing You Money?
What You Need to Know About Credit Reports
Bounced Checks - Straight Talk On Dealing With Bad Checks (NSF)
Dont Dig Your Own Pit
Do You Know The Top Five Credit Card Mistakes?
A No-Brainer Way Of Getting Credit And Credit Cards
Bad Checks, Bounced Checks, & NSF Checks
Collection Agencies: What Do They Do?
Why Credit Cards are a Bad Idea
Affordable and Reliable Web Hosting Starting at $4.49/Month
Looking for that Low interest Credit Card?
If you have been shopping around for a Low Interest... Read More
Credit Card Entrapment - The Secrets are Out
Have you ever wondered why your credit card bill is... Read More
What You Need to Know About Credit Reports
You hear people talk about credit reports all the time... Read More
Beware the Shopping Mall Monster
Like me, you've probably been offered a fair old number... Read More
7 Surefire Ways To Repair Bad Credit
Do you have a poor credit rating? If so, you... Read More
Preventing Credit Card Mess
Credit card debts problem is extremely common today. It is... Read More
Have You Checked Your Permanent Record Lately?
As a young student I feared getting bad grades because... Read More
How To Start A Second SEPERATE Credit File!
Your personal credit file is separated from those with the... Read More
Taking Control of Your Credit History
Your credit history is important; in fact, in this day... Read More
Credit Card Shocker
Have you ever looked at your credit card statement? I'm... Read More
Credit Repair Scam - How To Avoid Being A Statistic?
A good credit history is critically important for the consumer.... Read More
The Things That UK Lenders Like to See on Your Credit File, (and? What They Don?t Like to See!)
Lenders are quite fussy about what they like to see... Read More
Credit Card Disclosure Table ? Do You Understand It All?
In addition to the APR (annual percentage rate) and the... Read More
Credit Cards - Why Prepay?
With prepaid credit cards, you get the practicality of plastic... Read More
Credit Score ? for Scoring the Right Loan
Somebody once said, "There is always a way of knowing... Read More
Know Your Credit Card Rights
When you apply for a credit card, the application that... Read More
How To Repair Your Credit Report
A credit report is run on a buyer when he... Read More
The Truth About Credit
What you might not know about credit.Some people don't know... Read More
Why Does Your Credit Card Rate Keep Going Up?
Have your read your credit card contract through completely? Do... Read More
How Your Credit Rating Affects You, and How to Check It
You might not know it, but every time you take... Read More
How Creditors Measure Your Credit Rating
Creditors will measure your credit rating based on the following... Read More
10 Ways To Protect Your Financial Identity Being Used For Someone Else?s Shopping Spree
Someone impersonating you could be spending your hard-earned money.Impossible! Not... Read More
Dealing With A Collection Agency
Step I - Selecting A Collection AgencySelecting a credit collection... Read More
Credit Repair Kit Sound To Good To Be True? It Is.
A lot of people have bad credit. It is unfortunate... Read More
Simple Identity Theft Protection
How many of you bank, shop, or transact other business... Read More
Credit |