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Debt Collection

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Debt Collection

Post by shameenali » Thu, 28 Jul 2011 11:49 am

Hello Ppl,

Am looking for advice & guidance here basically. We have 4 co's total outstanding debts of around a $1million. Some of the O/S amounts are due from the beginning from '08. What are the most effective ways of collecting o/s amounts due to us? Regular calling, sending out of SOA's do not seem to be all that effective. Do you think that I should engage debt collection agencies? Am just worried about the repercussions that that might have on my clients. (potential loss of clients) Or better still would be to put in a more effective credit controller / ar person?


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