If you’re in the type of business that extends credit to customers, then you’re officially in the business of collecting debts.
Unfortunately, collecting debts can oftentimes be difficult, time-consuming, and fruitless — not to mention a drain on your financial resources.
However, by following these tips on how to collect debts, you may be able to make the process easier and a lot less painful.
1. Be reasonably persistent and polite. Though you may want to yell at a debtor and talk to them on a daily basis, neither of these is a very good idea. Maintaining a professional demeanor will keep you out of threat territory, and calling a debtor no more than once every few days will allay any concerns of illegal harassment.