Something feels off. You are on track to spot a bad debtor when you have that niggling feeling that something isn’t right. You know your business better than we could ever hope to. Only you know what usual business looks… Read More »How to Spot a Bad Debtor #3
In another life when I was a music tutor, I would always hear student’s excuses as to why they had not practised. My response would usually be, “I don’t care if your house burned down, your dog ate your trumpet… Read More »How to Avoid the Need of Debt Collection #3
Financial hardship. Financial hardship will strongly affect how a debtor will react to being chased. As a debt collector, I understand that the majority of debts were never intentional to begin with. Life changes and unforeseen circumstances get in the… Read More »The ways that debtors react to being chased #2
Words have power. I’m not against a handshake agreement. There are times where trusting someones word brings great satisfaction and creates a strong relationship. As a debt collector, I more-so see a persons word as a way to find the… Read More »How to Spot a Bad Debtor #2
Make debt look unappealing. Much of the work to avoid the need of debt collection comes with the preparation prior to commencing work. As described in the first post, one of the ways to do this is to add on… Read More »How to Avoid the Need of Debt Collection #2
It usually takes one or two conversations to understand the ways that debtors react to being chased. It is important to not only understand the likely reactions moving forward, but more so the heart of the debtor behind each action.… Read More »The ways that debtors react to being chased #1
In this series, we are focusing on preventing debts by looking at how to spot a bad debtor. There are multiple ways to do this including looking at a client’s credit file. Credit files. You earn a credit score based… Read More »How to Spot a Bad Debtor #1
It’s not some weird marketing ploy, I actually want you to avoid the need of debt collection. If you have had a consultation with me, you know I do all I can to assist prior to our services being engaged.… Read More »How to Avoid The Need Of Debt Collection #1