Delinquencies Up, Revenue Down?

Are you seeing an increase in delinquent or slow paying customers? Don't feel bad, you're not alone. I would say "don't worry you're not alone" but given the state of the economy, being worried is necessity.

AZCentral.com recently posted Small businesses see more late-payers and in the article a small business owner discusses how the last four months have "gotten really bad, and almost at a critical point." Ouch!

If you're business is experiencing an increase in delinquent customers, consider checking out Reuters post When, why and how small businesses turn to collection agencies. Remember to consider net-back in addition to contingency fee to get the best return on investment.

Lastly, be sure to protect yourself against NSF checks! Michelle Dunn provides some excellent pointers in her Gas $4.15 - Credit Cards & Cash Only! post.



Image on Flickr by maury.mccown