Let your cash flow the way rivers flow; free and consistently !

Do you ever feel bored while listening to anything that’s related to business? If you thought yes, then I feel you. But let me tell you it’s not because business is boring, but you are listening or reading it from the wrong person or website. Let’s see if I can change that for you and make things related to business such as business debt recovery interesting.

Shall we begin by discussing what is business debt? Honestly it’s one of my  favorite parts of business because in debt recovery you have to go around and chase other businesses who already owe you money, and who doesn’t love money, right? The debt recovery process is not quite as tedious as it sounds and it’s very short, you only have to follow four steps in order to complete the procedure. The following steps are;

• Step 1: Notification of non-payment
• Step 2: Evaluate the collection process
• Step 3: Liaise with other debtors
• Step 4: Payment

What good commercial debt collectors do.

• These collectors help in managing good relations and they also promote amicable debt collection in between different parties.
• They make settlements and liaise with debtors across jurisdiction and different time zones.
• They can freely access the financial situation of any debtors or of guarantors, if there are any to exist.
• The main job of these commercial debt collectors is to look into the matter and suggest if any legal proceedings are necessary or not.