5 Clever Ways to Get Your Past Due Accounts to Pay You Now

Posted on Jun 8, 2020

5 Clever Ways to Get Your Past Due Accounts to Pay You Now

A legal battle is always the last resort.

If you have debtors that refuse to pay what they owe to you, there are some things you can do to make them take action without legal action. It takes some cleverness and creativity but is much easier than you imagined it to be to implement. To help you with the process, we’ve come up with some surefire solutions for getting paid.

Below, learn five clever ways to get your past due accounts to pay you now.

#1: Be friendly but firm.

Make all communications going forward feel like friendly reminders but spell out the terms and conditions of the repayment plan options available for the debtor to choose from today. Letting them know what the consequences are for not paying a debt can help them see the urgency in doing so right away.

#2: Point out the clause that deals with all monies owed.

Remind them of the legal contract that exists between you and them. Clearly label the invoice with the appropriate language that causes them to take action and accountability for the debt they owe.

#3: Get them to agree to have payments automatically drafted from their bank account.

Rather than allow them to submit payment by phone, ask that they have the money taken out of their bank account automatically each month. Help them see the value in automatic payments by stating how easy it is to forget to pay manually.

#4: Offer them a deal where they pay less than what they owe.

You can allow the debtor to settle the debt in full for less. If they pay off the balance today, offer them a five to ten percent discount.

#5: Give them multiple payment options.

Let them decide which payment method works best for them. That way, you’re not met with resistance because they don’t have a major credit card or have lost their debit card.

Ace Process Service Helps You Get the Money That is Owed to You

Are you still having trouble collecting on past due accounts? Let Ace Process Service assist you with the matter so that you’re not wasting valuable time getting results. We’ll file the necessary paperwork with the court on your behalf so that you can spend your time focused on something else. If you have multiple debtors that refuse to pay, let us know so we can make one trip to serve them with a notice to appear in court.