Collect Bad Debts ASAP

Guest blogger –  Rohen Burton, Chief Financial Officer, Fit n Fast

This might be obvious but try to collect bad debts / failed payments as soon as possible. And always target the low hanging fruit first. The highest collection rate for failed payments is immediate and then the rate of collection falls for every day that goes by.

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Related posts:

1. Get your debts paid more quickly
2. Top 5 Reasons NOT To Use Direct Debit In Your Business
3. Do you want to do direct debits yourself?