Overdue Accounts

**the_wildthing** · April 16th, 2005 10:07 AM

Pautang is part of doing business. Sometimes you have to do it to keep your clients.

1st - get the agreement into writing at the time of purchase, e.g. amount to be paid, date due.
2nd - on date due and payment is not received, send a notice. Do this up to three times, say every 30 days, depending on your cash flow.
3rd - send a letter indicating that the amount is still unpaid and you would appreciate immediate payment.
4th - have a lawyer/collection agency do it.

One other tip is to price your product or service in such a way that paying immediately has discounts.

**badkuk** · April 16th, 2005 10:30 AM

what if ipa-installment mo ang pagbayad? hassle lang nga on your part.

how do these collection agencies work anyways? i guess they do all the standard pangungulit and legal recourse...pero...do they actually send muscle to do the collection?

**ILuvDetailing** · April 16th, 2005 10:42 AM

Originally Posted by badkuk

what if ipa-installment mo ang pagbayad? hassle lang nga on your part.

Problem is, they don't pay even on an installment basis. Kapal muks talaga.

**BlueBimmer** · April 16th, 2005 10:48 AM

ganyan talaga yan, 3 years na sinara namin ung Petron station namin, sangkatutak pa na utang di nababayaran. ung iba govt pa.

**ILuvDetailing** · April 16th, 2005 11:02 AM

Originally Posted by BlueBimmer

ung iba govt pa.

Hehehe, yan ang # 1 na matagal magbayad ng utang.

**boybi** · April 16th, 2005 12:03 PM

Originally Posted by badkuk

what if ipa-installment mo ang pagbayad? hassle lang nga on your part.

hehe, gusto mo everyday P50.00 ang bayad sa utang worth 50K? tapos sa ibang province pa yung sisingilan mo?

**badkuk** · April 16th, 2005 12:09 PM

boybi:hehe, gusto mo everyday P50.00 ang bayad sa utang worth 50K? tapos sa ibang province pa yung sisingilan mo?

nge!

sa case kasi ng friend ko, halos kapitbahay lang ung nang utang sa kanya. ayun tig-100/200 ang singil :p

**ILuvDetailing** · April 16th, 2005 12:30 PM

Originally Posted by boybi

hehe, gusto mo everyday P50.00 ang bayad sa utang worth 50K? tapos sa ibang province pa yung sisingilan mo?

ano ba yan? yan ang mahirap magaling mag utang tapos pag dating sa bayaran pahirapan. 50K worth for veggies and produce ba yan? my gulay...

**BlueBimmer** · April 16th, 2005 12:32 PM

baka may maganda clang daughter....ehehehe service nalang mmmmm...

**XTM239** · April 16th, 2005 12:42 PM

Minsan May Mga Credit Collection Agency Hindi Din Matino 2x Na Nangyari Sa Amin. First Few Payments Ibabalik Pero Yung Bulk Hindi Mo Na Mababalitaan. Hindi Ka Makahabol Kasi May Papapirmahang Power Of Attorney O Kaya Waiver.