Good receivable management is usually about understanding customer behavior.
It is also about enforcement of the credit policy.
Good receivable management is usually about understanding customer behavior.
It is also about enforcement of the credit policy.
If the allocation of time and resources spent on delinquent accounts exceeds 50%, then your credit department is in a crisis mode all the time. You are jumping from one fire into the next and just trying to prevent the next crisis.
The best way to minimize litigation costs is to have your customer sign an acknowledgement of debt.
Our law practice also focuses on Construction Defects & Insurance Claims, Preliminary Notices & Lien Claim Services, Credit & Collection Services, Real Estate Disputes and Condominium and Homeowner Association issues. If you need legal advise, call us today!