{"id":150,"date":"2015-01-26T21:42:51","date_gmt":"2015-01-26T21:42:51","guid":{"rendered":"https:\/\/picb-us.com\/picb\/?page_id=150"},"modified":"2023-08-14T21:12:02","modified_gmt":"2023-08-14T21:12:02","slug":"resources","status":"publish","type":"page","link":"https:\/\/picb-us.com\/resources\/","title":{"rendered":"Resources"},"content":{"rendered":"
A prompt reminder of when money is due exemplifies good business practices that can save a company lost revenue and wasted time.<\/em><\/strong> Providing customers with a straight-forward confirmation of recent discussions and\/or negotiations, such as the \u2018Promise to Pay\u2019 letter, creates the continuity needed to support your rights in the event the customer fails to pay what is due.<\/p>\n Remember, your statements and letters, when referencing unpaid balances, should also contain a reaffirmation of the agreed terms such as: \u201cOur terms are net 30 days. Any amount not paid when due will incur interest of 18% per annum (1.5% per month). Should balances not be paid timely and it is deemed necessary to employ an outside collection agency and\/or an attorney, Customer is liable for all actual collection fees, all actual attorney fees, plus all court costs\u2019.<\/p>\n Business people intent upon diminishing your rights, or looking for an excuse not to pay what is due you, will suffer from \u2018subjective memory loss\u2019. Your job is to make sure their memory does not fail them or you!<\/p>\n