The Guide to Getting Paid: Weed Out Bad Paying Customers, Collect on Past Due Balances, and Avoid Bad Debt

The Guide to Getting Paid: Weed Out Bad Paying Customers, Collect on Past Due Balances, and Avoid Bad Debt

by Michelle Dunn
     
 

View All Available Formats & Editions

When the economy took a nosedive in recent years, businesses in every industrysuddenly had to make more collection calls than ever before. If those businesses didn't have an effective credit policy inplace, they found themselves scrambling.Many fell behind on their own bills, and bad debt rippled through the economy. If only everyone had read this book, where might

…  See more details below

Overview

When the economy took a nosedive in recent years, businesses in every industrysuddenly had to make more collection calls than ever before. If those businesses didn't have an effective credit policy inplace, they found themselves scrambling.Many fell behind on their own bills, and bad debt rippled through the economy. If only everyone had read this book, where might we be now?

What many business owners fail to realize is that credit management IS your business. A good credit policy will help you make more sales, increase cash flow, and make a profit. The Guide to Getting Paid teaches you how to manage your business credit and accounts payable and receivable in an efficient and effective way. With sample letters and forms, you'll get detailed advice on how to create a simple credit policy that is tough but flexible, has specific action guidelines, and gets enforced consistently. Avoid the common mistakes people make, such as not checking credit, not getting any signed paperwork, or being unfamiliar with laws. The Guide to Getting Paid delivers step-by-step guidance on how to:

  • Check and issue credit, determine credit risk, and limit that risk

  • Outline policies and procedures that will help provide your customers with options when they cannot pay in full

  • Use email and social media in collections

  • Legally collect money from slow or non-paying customers and enlist third party collection services

  • Deal with customers who make deductions on their payments

  • Improve your phone delivery, and conduct compassionate, rather than angry and aggressive, debt collection calls

A simple and effective credit policy will save you time, money, and headaches. Make sure your business is on top of the credit game, and get paid today!

Read More

Product Details

ISBN-13:
9781118011614
Publisher:
Wiley
Publication date:
05/03/2011
Pages:
204
Product dimensions:
6.20(w) x 9.10(h) x 0.90(d)

Meet the Author

Michelle Dunn is an internationally known expert on credit and collections. As a leading authority on debt collection to businesses everywhere, Michelle is a consultant and keynote speaker. She is founder and CEO of the American Credit and Collections Association and has worked in the industry for more than twenty years. She has been featured in Forbes, Entrepreneur, and SmartMoney, among other media outlets. Most recently, she was nominated for a Credit Excellence Award.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >