You’re in business to do what you do best, no matter whether that be as a butcher, baker or candlestick maker. You certainly didn’t go into business to act as a free overdraft for your clients that don’t pay on time.
As Commercial Debt Collection specialists, we’ve set up a package of document templates that reduce your risk of late payers & bad debts.
So just what does our Credit Management Package include?
Using these templates, the product of our decades at the sharp end of commercial debt collection, will not only show that you’re serious but in the event of a client account becoming delinquent, will improve the chances of successful debt recovery when we subsequently act on your behalf.
Credit application form – this form identifies exactly who it is that you are dealing with. Not only that, it provides a personal guarantee so that if the company goes bust, you can pursue the directors for your money personally.
Account Opening Letter – This letter confirms your credit terms and is a record of what was agreed between you and your customer at the outset of trading (to be used with your terms and conditions). Don’t have any? Contact us, we can help!
Letter of Acceptance – Most people think that a purchase order is binding on your customer, it isn’t! Sending a letter of acceptance binds your customer to your terms and conditions.
Delivery Note – Delivery notes are proof that your customer has received your goods
Satisfaction Note – Stops your customer claiming that they were not happy with your work at a later date.
Daywork Sheet – To be used on sites when asked to complete extra works
Initial Payment Reminder – sometimes your customer will need a ‘gentle’ reminder
Overdue Account Letter – To be used if the initial reminder doesn’t produce payment
Debt Interest and Compensation Calculator (and instructions) – The Law provides that you are entitled to interest and compensation if your customer pays you late. The calculator comes with an explanation on how to apply these charges. Your debtor has no discretion on these charges as they are part of statute.
Debt Recovery Instruction Form – If all of the above has not worked, it’s time to instruct us. The sooner that you do, the more chance you have of getting paid.
