If you are a small business owner and find that you are having trouble collecting debts owed to you, consider scheduling a consultation with your New Jersey debt collection lawyers to assist you. Being a small business owner, you most likely understand how difficult it can be sometimes to collect the money that is owed to you. You may have had little to no experience when it comes to collections. The following information from your New Jersey debt collection lawyers discusses how best to go about trying to collect money that is owed to your business. If you have any further questions, contact your New Jersey debt collection lawyers for a consultation.
Customers and Clients Paying Late
When running a small business, you are bound to run into customers or clients that you will have a hard time collected owed money from. More often than not, these customers or clients can be placed in any of the following categories:
- Customers or clients who may be having financial troubles and do not have the funds to pay on-time
- Customers or clients who are slow to pay monthly statements, or forget to
- Customers or clients who will do whatever they can to avoid paying you the money that they owe
In most cases you will find that the majority of your non-paying customers or clients will fall into those first two categories listed. These customers will be easier to work with since they have a history of paying something to you. If you find that you are dealing with the last type of customer, you will want to take action immediately. This means that you should immediately send the account to collections, or consider taking the case to litigation or small claims court (depending on the amount owed). When it comes to collecting money owed to you, the most important thing to remember is to stay determined in your collection attempts. Continue to send reminders or invoices, do not wait until the end of each month to do so. Some other helpful tips to keep in mind:
- Do not let your collection attempts become harassment.
- Any phone calls that you make should stay short and formal with your customers.
- Consider settling with the customer for an amount that you both agree on.
- Have a collection agency take charge of your owed debts.
- Know how small claims court works and do not be afraid to file a claim.
Contact Our New Jersey Debt Collection Lawyers
For help from an experienced professional, contact your New Jersey debt collection lawyers today from Snellings Law LLC at (973) 265-6100. Snellings Law LLC knows the New Jersey debt collection lawyers who will help you fight for what you deserve in your debt collection pursuits. Call today for your consultation!