I received the shit list awhile ago and also noticed some companies that I do business with on there that I never had a problem with. This list was compiled by the members of SOT who had problems, one way or another collecting fees due them. I believe alot of problems can be taken care of with timely invoicing and follow-up. DON'T wait until a company is 3 months past due on the account, CALL them. Sometimes the invoice gets lost or misplaced, or they may even have a question about it. Make sure you and the company have an understanding when they are invoiced, what their payment policy is and when you can expect your money, i.e. 5,10,15,30, or 60 days after you invoice them. If you haven't received your money within that time frame don't be afraid to call them and follow-up (...I was just wondering if the invoice I sent you was received or can I get the check number for my records) Something non-threatening and you will usually get a positive response. Yes I've had bad debt before, one company got in trouble and was shut down (lost $4700 on that one) and another I had to take to court and they settled. But like any other business most of your clients are good companies, it is that small percentage that can really ruin your day. Good luck! Jay
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