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How to Prevent Bad Debts in 2023. Tips from a Debt Collector

Debt Recoveries

How to Prevent Bad Debts in 2023. Tips from a Debt Collector . Credit control and debt collection are the two most crucial components of sustaining a solid cash flow since, as they say, cash is king. Have the right to retrieve the products if “perfected” the security but did not get paid.

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How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

Customer Insolvency: When a customer goes bust, retrieving owed funds becomes complex. Early engagement with clients showing signs of financial stress can prevent escalation to formal debt collection, thus saving on potential fees. Disputed Invoices: Discrepancies over invoiced amounts or services can lead to stalled payments.