In this article Nicole Fallon, the Business News Daily Assistant Editor, describes what to do when your customers take up to 30, 60, 90 or more days to pay your invoices.
Steps include the following:
Resend the Invoice
Give an ultimatum
Hire a collection agency
File a lawsuit
Factor invoices
Nicole also provides some tips for ensuring on-time payments including discuss costs up front, send invoices right away and be persistent with late customers. See the full article here.
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