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.
Key Skill Required for effective and fast Debt Collection:
November 10, 2024
1. Excellent Communication Skill – Be transparent in communication and
