Recovery Officer Question: Download Questions PDF
Explain me what advice would you give to the customer to avoid bad debt?
Answer:
Bad debt occurs when customer ignores small things like
☛ Checking of a business and background of the client before offering credit
☛ Setting safe customer credit limits
☛ Release good only once the payment is cleared
☛ Before shipping any goods wait for direct deposit payment to clear
☛ As soon as a job is done send invoice to the responsible party
☛ Give all information on your invoice about the mode of payment
☛ Stay in regular touch with your client
☛ For early payment of bills offer a small percentage discount
☛ Checking of a business and background of the client before offering credit
☛ Setting safe customer credit limits
☛ Release good only once the payment is cleared
☛ Before shipping any goods wait for direct deposit payment to clear
☛ As soon as a job is done send invoice to the responsible party
☛ Give all information on your invoice about the mode of payment
☛ Stay in regular touch with your client
☛ For early payment of bills offer a small percentage discount
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