{"id":65,"date":"2017-01-20T17:45:05","date_gmt":"2017-01-20T17:45:05","guid":{"rendered":"https:\/\/amafirm.com\/blog\/?p=65"},"modified":"2020-03-13T17:30:24","modified_gmt":"2020-03-13T17:30:24","slug":"tips-on-how-to-collect-commercial-debt","status":"publish","type":"post","link":"https:\/\/amafirm.com\/blog\/commerical-collections-news\/tips-on-how-to-collect-commercial-debt\/","title":{"rendered":"Tips on How to Collect Commercial Debt"},"content":{"rendered":"<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><span style=\"font-weight: 400;\">If you are in the unfortunate position of collecting commercial debt, chances are you may not know where to start. Collecting commercial debt can be very intimidating, you rarely know what type of reaction you will get when you speak to a client, so we brought together a few tips that could help you with that <\/span><a href=\"https:\/\/amafirm.com\/blog\/commerical-collections-news\/five-ways-to-get-debtor-on-phone\/#more-50\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">first call<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<ul>\n<li><strong>Preparation is key.<\/strong><b> &nbsp;<span style=\"font-weight: 400;\">You want to review the client account thoroughly before reaching out. Make sure to have the account history, any notes on the account, last invoice, and have them in front of you for reference.<\/span><\/b><\/li>\n<\/ul>\n<ul>\n<li><strong>Adopt the right attitude.<\/strong> <span style=\"font-weight: 400;\">Keep your interactions professional. You drafted a contract expecting payment after your services were rendered, it is not uncalled for to expect payment. Do not lose your temper by raising your voice or swearing, this will only make the situation worse. <\/span><\/li>\n<\/ul>\n<ul>\n<li><strong>Contact the right person.<\/strong> <span style=\"font-weight: 400;\">Avoid calling and getting redirected to &ldquo;someone in accounting&rdquo;. You want to identify the person who will be making payments and reach out to them. This can get rather tricky, as you might be stuck talking to the secretary for a while. A deadline might serve useful in this scenario.<\/span><\/li>\n<\/ul>\n<ul>\n<li><strong>Control the conversation.<\/strong> <span style=\"font-weight: 400;\">Keep the client focused on the debt, not on personal stories and excuses. It&rsquo;s inevitable that the client will give you excuses as to why the debt is not being paid, but always bring the conversation back to the debt and repayment plan. <\/span><\/li>\n<\/ul>\n<ul>\n<li><strong>Remain flexible.<\/strong> <span style=\"font-weight: 400;\">Most people hate debt, so there might a good reason as to why they stopped making payments. Make sure to keep your payment options open and work with the client. A reasonable payment schedule benefits both parties. <\/span><\/li>\n<\/ul>\n<ul>\n<li><strong>Take detailed notes.<\/strong> <span style=\"font-weight: 400;\">While on the call, jot down as much as possible. You want to be able to look through the notes and have enough information to distinctively reiterate the conversation. Take note of contacts, times and dates, product usage, anything that could be used in litigation; the more detailed, the better.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you have tried the above methods and haven&rsquo;t had any luck, then you should think of contacting a <\/span><a href=\"https:\/\/www.amafirm.com\/contact-commercial-debt-collection-agency.php\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">debt collection agency <\/span><\/a><span style=\"font-weight: 400;\">with a proven track record of success.<\/span><\/p>\n<p>&nbsp;<\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are in the unfortunate position of collecting commercial debt, chances are you may not know where to start. Collecting commercial debt can be very intimidating, you rarely know what type of reaction you will get when you speak to a client, so we brought together a few tips that could help you with &hellip; <a href=\"https:\/\/amafirm.com\/blog\/commerical-collections-news\/tips-on-how-to-collect-commercial-debt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tips on How to Collect Commercial Debt&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":273,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tips on How to Collect Commercial Debt | Alexander Miller &amp; Associates<\/title>\n<meta name=\"description\" content=\"If you are in the unfortunate position of collecting commercial debt, chances are you may not know where to start, so we have a few help tips for you\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/amafirm.com\/blog\/commerical-collections-news\/tips-on-how-to-collect-commercial-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tips on How to Collect Commercial Debt | Alexander Miller &amp; 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