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Therefore, it is vital to have a robust debt collection strategy to enable you to stabilise your cash flow and acquire money from your debtors without hampering your business relationships. With regards to the recovery of debts, listed below are a few problems faced by the debt collectingagency: Oral contracts.
If collectionagents like me are calling you, you need to reduce your debt. To avoid your account being sent to collections, you need to find ways to reduce your debt. Debts secured with collateral might make it impossible for you to run your business if you lost the equipment. Prioritize your bills.
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