Chasing up Debtors
*day 1 - send invoice
*day 8 - send statement
*day 15 - send overdue payment reminder
*day 16 - phone call ask them when they will pay eg next Tues
Hi Client, I am following up on payment of my invoice for $ that was sent to you on (date). Just making sure you received it and when can we expect payment.
*On the Wed call again and ask again when they will pay
*if still not paid after that
-stop credit
-COD only
-send final notice
if not paid within another 7 days consider taking legal action
-letter from solicitor
-mediation
-court proceedings