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Every time you provide goods or services before you receive payment, youโre extending credit to another party. Having a business credit policy in place will help make sure you get paid.
When all other strategies fail to get a debtor to pay up, you may need to take the dispute to court. Hereโs what you need to know about going to court.
Issuing a letter of demand is the first step in initiating legal action when a customer hasnโt paid, and can sometimes motivate them to open their wallets.