Are you getting poor results from your demand letters?
Are you frustrated with your collections?
Have you tried escalating your approach?
Your notices should become increasingly more stern. Are you being too nice? Your debtor may think they can get away with not paying if your wording doesn’t convey a serious message!
According to the Credit & Collections Kit for Dummies, written by Steven A. Harms, former senior partner at Muller, Muller, Richmond, Harms, & Myers, P.C., “Your earlier positive language (‘We assume your have forgotten to pay…’) should become more negative. For example, (“Your credit privileges are being suspended, Interest is being charged, and we’ll use stronger collection measures”).
Your next forceful letter should include actions you intend to take to collect:
- Terminating customer’s account
- Adding additional charges
- Placing the matter in collections
Never underestimate the power of a phone call! Don’t hesitate to pick up your phone the minute an account becomes delinquent. Imagine how much time and money you might have saved if you’d have made a call first!
File For Debt Collection in Michigan Today!
If you’re a business owner, you may decide that having a debt collection law firm work on your unpaid invoices is your best choice. That’s an area we specialize in, and we’re happy to discuss your options.
The law firm of Muller, Muller, Richmond, Harms & Myers, P.C., has successfully represented and handled collection matters for more than 56 years. Our attorneys know how to get results for our clients and they are dedicated to getting a satisfactory outcome. Contact our firm to speak with a lawyer about your needs for debt collection in Michigan today at (248) 645-2440 for a free no obligation consultation.
The law firm of Muller, Muller, Richmond, Harms & Myers, P.C., has successfully represented and handled collection matters for more than 56 years. Our attorneys know how to get results for our clients and they are dedicated to getting a satisfactory outcome. Contact our firm to speak with a lawyer about your needs for debt collection in Michigan today at (248) 645-2440 for a free no obligation consultation.
