Although consumers ultimately fuel all business activity on planet Earth, businesses routinely purchase goods and services from other businesses. This type of commerce is known as business-to-business (B2B), as opposed to the most common type of trade, business-to-consumer (B2C). Check out these tips for business to business collections.
Debtors Are Different from Consumers
in the United States, consumers are afforded dozens of consumer
protection laws that limit the strategies companies can employ to
make right on their outstanding accounts. One of the most popular
such laws is the Fair Debt Collection Practices Act. Understand that
in collecting B2B-related debts, debtors aren’t afforded the same
protections that consumers are. This increases the possible means of
collection that you can employ.
Payment Right off the Bat
need to formally tell your debtors that one or more outstanding
accounts in their name exist. This is important for establishing
proof that they owe your company money. If you decide to undertake
legal collection strategies, demanding payment is absolutely crucial.
Help Is Highly Valuable
specializing in B2B debt collection know what to do to have judgments
awarded in their favor when taking debtors to court. As such, unless
your company employs in-house attorneys, seeking professional help is
Understand B2B Debt Collection
Here at Amplicon, contact at (949-508-1095), we understand exactly how business to business collections works; let us take care of your company’s needs. Also follow on Facebook.
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