How Inflation Affects You and Your Customers

Has inflation caused costs to increase for your business?

Inflation has affected business for both creditors and debtors. However, by being a creditor, inflation can affect if you get paid by customers. If they run into cash flow problems, it’s possible they’ll choose not to pay you. This causes a cash flow problem for you!

If they don't pay their bills, you can't pay yours!

What Can You Do to Avoid Nonpayment?

The most important thing you can do to avoid nonpayment is make sure your credit risk management and billing systems are organized and running smoothly. Make sure your customer is trustworthy and in good financial standing before working with them. Send invoices on time with clear payment terms and tell them exactly how to pay. Don’t let them find excuses to not pay! 

Learn more ways to combat inflation-related nonpayment on our website.

Commercial Collection Agency in Michigan

At the first sign of nonpayment or payment disputes, call RSD, a commercial collection agency in Michigan.

RSD has been collecting with empathy and kindness for over 45 years, helping businesses like yours get the money you deserve!

Give us a call at 248-370-8160 or fill out a claim form today.

What Does Inflation Mean for Credit Lending?

Are you a creditor?

Have you noticed increasing late payments from your customers?

Inflation and interest rates in the United States began increasing in 2021. While they’re decreasing now, they’re still affecting businesses. Inflation has been making credit lending more unstable and higher interest rates make borrowing money riskier.

What Does Inflation Mean for You?

• General business expenses cost more 
• You may have to increase your prices
• If you buy materials for your products, you may have to purchase less, or find cheaper alternatives
• You may have to restructure your buying, inventory, and production habits

Learn how inflation also affects your customers!

Commercial Collection Agency in Michigan

At the first sign of nonpayment or payment disputes, call RSD, a commercial collection agency in Michigan.

RSD has been collecting with empathy and kindness for over 45 years, helping businesses like yours get the money you deserve!

Give us a call at 248-370-8160 or fill out a claim form today.