I was chatting to small business-owner, Warren, at a BBQ in Tapping last weekend. He complained that as a small business owner- he has a plumbing business in Neerabup he spends far too much time chasing debt. This is dead time he could rather spend it doing his trade & generating income. I explained to him how the EC Terms of Trade document contains powerful clauses which make our Debt Collection process so effective.
I met with Warren at his business last week. I told him that the Statue of Limitations period for collecting old debt is 6 years, provided that the client has not gone bankrupt. He handed over some of his more recent debts as well as a couple of older ones. I explained that he could follow the debt-collection process online.
He sent me an e-mail this morning, saying that he feels as if a weight has been lifted off his shoulders in knowing that he now has an effective way in which to deal with troublesome customers!