FPO-Controlling and Collecting Debts

Controlling and Collecting Debts

Action Checklist

Remember that prevention is better than cure

Review organisational systems and procedures

Concentrate on big debts

Write positive letters

Follow up letters by using the telephones if appropriates and necessary

Remember email as an alternative to a letter

All else having failed, consider visiting the debtor

Appoint a debt collection agency

Think carefully before you instruct solicitors or become involved in litigation

Don’t return a post-dated cheque without thought

Beware of taking any unreasonable or illegal actions

Future Practice Owner.

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