DEMAND LETTER SYSTEM
WHEN TO USE
Ideal for use on accounts 30-60 days old. As a guide we suggest that the correct time to send this letter is double your terms of trade. Starting your collection approach at that stage will save you time and effort. The introduction of Credicol as a third party is often enough to make your customer pay the account. Click here to order
ADVANTAGES
Our Increase your Cashflow immediately.
The right letter can make the customer pay your account while still protecting your positiom for future trading with them.
Use for any value debt.
Simply key in the details to our system online or upload your data file.
TELEPHONE DEMANDS
WHEN TO USE
Ideal for use on accounts that are still current or prior to legal action. Usually used after a Demand Letter or as a Ledger Cleanup program.
ADVANTAGES
Confirms that the customer is still trading.
Advises the customer of their obligation to pay the account now.
Advises the customer of the action that will be taken should payment not be received.
Use for any value debt.
LEGAL ACTION
WHEN TO USE
Ideal for use when the customer is giving you the run around, not returning calls or continually advising that payment is being processed. If you have used the
Demand Letter System, this action should be used to continue the push for the matter to be finalized urgently.
ADVANTAGES
Maintains the pressure on the customer to pay.
On debts over $1000 (NSW) interest can be claimed from the debtor.
Places your matter as a priority in the debtors mind.
With the CrediCol Deferred Costs System*, your costs are greatly reduced.
SMALL DEBT SERVICE
WHEN TO USE
Ideal for debts under $750. This system comprises of a Solicitors Letter, followed by Phone Demand/s. The best time to utilise this service is as soon as the account becomes overdue. Small Accounts soon add up.
ADVANTAGES
A huge reduction in the amount of work you have to do chasing up small accounts.
Save $$'s. This service is cheaper than sending a standard Solicitors Letter.
The collection process is completed within a 30 day period.
Legal action can be commenced if required.