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Free Resources
to Help Beat Bad Debt

Want to avoid bad debt and costly debt collection hassles? Use these free resources for best practice hints and tips on how to get paid. And for a limited time, join Shark Patrol, pay NO JOINING FEE and use all our services for FREE, or use our FREE payment resolution assistance!

 

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Hints and tips

Top Ten Tips
Include being prepared...

Debt Recovery: 10 steps to getting paid
Get the debt collection tips your business can use today to recover bad debt and ensure you get paid promptly.

Why credit checks are worth doing
It's all about knowing how likely it is that your potential customer will pay you.

Credit Review ALL of your customers regularly
A periodical credit review on your existing customers can reduce overdue debt.

Know your Customer
If you don't know the legal name of the entity that you are trading with how can you possibly start legal action ...

Disclose and Agree Payment Terms:
if you don't have a purpose written "Terms of Trade" you shouldn't be in business

Don't be afraid to ask for payment
The only good customer is a paying customer, and if you don't ask, you might not get.

Don't assume that the customer will pay
Why invoicing immediately helps you get paid quicker

Checklist to find a builder
Here are some points for you to consider before starting your building project:

Debt Collection Policy

Debt Collection Methods


Useful links

New Zealand Government and related web sites - get the links here.

Accounts Enforcement Limited New Zealand's most successful debt collection agency

Pay Torque Bill to Bank automation

Top Tips


Tip 1: Know your customer

Check the exact name and legal status of each of your customers (you will need this if you ever have to take legal action to recover a debt).

Tip 2: Agree payment terms before you supply

Do not assume that you will be paid on 30 days or end of month following.

Tip 3: Invoice accurately, clearly and promptly

Attention to detail can make all the difference in getting paid on time.

Tip 4: Do not be afraid to ask for payment

The only good customer is a paying customer, and if you don't ask ...

Tip 5: Improving Cash Flow

Did you know that by using a third party (such as us), to undertake your credit control, can improve your cash flow by as much as 40%?

More Top Tips ...