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.
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