Manage Invoices Overdue for Procurement Efficiently

Invoices overdue for Procurement

so you have a client who won't pay for your work you tried meeting with them calling them emailing them you tried being nice and you tried being angry but none of that worked they simply won't pay so what do you do now well you have four options mediation using an agency going to court and going public firstly if your client is unsatisfied with your work you can try mediation but you must be ready to compromise the process is voluntary and the outcome is not binding so your client might still fail to pay search Google for mediation services in your area some local courts provide a free service otherwise expect to pay well over a thousand dollars but what if the quality of your work is not in dispute well you have three other options you could try a debt collection agency if the debt is over two thousand dollars expect to pay twenty to twenty five percent of the amount collected the agency has no power to enforce payments so it will apply pressure to your client by sending demand letters and calling them repeatedly they'll pretty much do what you tried already however success rates are often above 50 percent alternatively you can try going to court for small claims court the claim must be below a certain limit which varies by state between two thousand dollars and fifteen thousand dollars you can represent yourself to save on attorney fees for bigger claims you'll need to apply to a higher court and you should definitely seek the help of an attorney which will cost thousands of dollars even if the Court decides in your favor there is no guarantee that your client will pay up and if that happens there will be more expense to enforce payment the most cost effective option is to go public for a fee of only twenty dollars you can make your unpaid invoice public on the internet for the whole world to see you do this by filing a dispute on the business disputes register this will be bad publicity for your client and if they care about reputation then they'll be highly motivated to contact you to reach a settlement and ask you to remove the dispute from the register which you will only do if they settle your invoice you're in control for more information see disputesregister.org