Today we’ll discuss another reason why you should not procrastinate on debt collection:
Mounting Bad Debt Write-Offs
It’s a sad fact: the older an outstanding invoice gets, the less likely it is that
you’ll ever see a dime of that money. By dilly-dallying on past due accounts,
you’re setting yourself up for a whole heap of bad debt that you’ll ultimately
have to write off. And as if that isn’t bad enough, this will also wreak havoc on
your credit rating, making it even harder to get financing when you need it
In our next post we’ll continue to explore more reasons to act quickly and decisively on bad debt. And meanwhile, don’t hesitate to contact us for more ideas and information about debt collection.