My B2B Client Hasn’t Paid – What Are My Options?
I have a client who hasn’t paid their invoice in over five months. I’ve followed everything I know about chasing late fees, but I really don’t know what my options are. I’ve tried calling several times to collect, and sent numerous emails to their accounts department but the client still hasn’t paid. What are my options, please?
Need My Money (and why on earth shouldn’t I get it??)
For anyone in a similar situation, read on to find out what your options are when it comes to collecting your B2B debts wherever you are in the United Kingdom.
Dear Need My Money,
Thanks so much for writing into us. As far as your options to your debt recovery issue, you have three:
- You can continue to try to collect via phone. You could also choose to send a certified letter to the last known address. If they sign for the letter, you’ll receive proof from the postal service. This is important for the next option.
- You can consider filing a small claims lawsuit to get the money that you are owed. While you don’t necessarily need a lawyer for small claims court, you may find that hiring one for court may be beneficial depending on the amount that is past due. Make sure that you bring copies of the signed contract, proof of the last time that the client paid, and evidence that you’ve tried to collect on it. Also, make sure that you file your small claims suit within the time period allowed.
- Get a licensed professional collections expert on your side. As experienced debt collection agents, Cobra Financial Solutions provide high quality debt collections across the whole of the United Kingdom. Established since 2009, we have a wealth of experience in B2B debt collection and are on hand to assist you with the stress and hassle of trying to recover the outstanding monies by yourself. Leave it to the experts and get in touch with our team of persuasive, persistent and professional debt collection agents. We are here to help you.
If you need help recovering business to business debts, get in touch with Cobra Financial Solutions. Established since 2009, our experienced debt collection agents have successfully collected over 15 million pounds for clients. Don’t miss out on what is rightfully yours, get in touch today!