1. Establish clear Payment Terms.
2. Effective Communication, Friendly Reminders and Continuous Follow ups.
3. Offer flexible Payment options or Incentive for early Payment.
4. Implement late Payment Penalties.
5. Seek professional Debt Collection agency’s assistance.

𝐓𝐡𝐞 𝐫𝐨𝐥𝐞 𝐨𝐟 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐛𝐭 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐚𝐠𝐞𝐧𝐜𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐦𝐨𝐝𝐞𝐥𝐬:
The role of professional debt collection agencies is becoming more