Anyone who has been in business for a long enough period of time likely knows all too well the struggles that come along with deadbeat clients. In business, time and money are everything, and a single client that causes problems can upset the entire flow of one’s production schedule. Sadly enough, however, unsavory clients have and always will exist, which is why you’ve got to learn how to properly deal with them.
It’s not always easy to recover your money in a situation that has gone awry, but it doesn’t have to be impossible either. If you take the following steps, you can dramatically increase your chances of getting what is owed to you.
Start with a Courteous Reminder
Just as in every other aspect of life, things can sometimes come up in the professional world. If a client hasn’t paid, it may have less to do with the notion that they’re trying to scam you than it does with the fact that they’ve had some sort of emergency occur.
You can’t always expect adequate communication in such a time, either, which is why it’s important to start by giving your client a courteous reminder that their payment is overdue. Chances are they will send you a response as to why they’ve had trouble paying on time, although the moment that they do not do this is when you need to start thinking about taking further action.
If your client remains unresponsive after you’ve sent them a friendly reminder, it’s time to start escalating things. In certain situations, clients believe that they’ll be able to get away with not paying if they simply drop off the face of the map. With today’s technology, however, it’s not nearly as difficult as it once was to track a debt to someone.
If you find yourself in a scenario in which the client is ignoring you, you shouldn’t hesitate to send emails and make phone calls threatening to take legal action if they do not contact you and settle-up with payment. Mention the fact that hiding from debts is no longer a possibility in most cases, and that they’ll actually save money in the long-run by paying their debt as was expected.
Work With a Debt Collector
When clients are still reluctant to pay after you’ve made significant attempts to contact them, you have no choice but to work with a debt collector if you ever want to see the money that you’re owed. Debt collectors often take the situation into their own hands and work to recover your money, which means you won’t have to be making constant phone calls or sending out long-shot emails any longer.
Not all debt collectors are reputable, however, which is why it’s best to look for collectors that have a strong reputation. Online reviews and social media can be helpful when determining which debt collection agency to work with.
There’s no reason why a client should be able to walk away with money that is owed to you, and you shouldn’t stand for it if it’s at all possible to remedy the scenario. While no one enjoys this aspect of the professional world, it’s not likely to fade away anytime soon.