What is best way to get owed money back from business?
There are lots of businesses who are worried to get owed money back from business. They want such solution for this which can perfectly work over the issue. Whenever, a business borrows money from another business then there must be an agreement for the payment of debt. But if the business who owes money becomes bankrupt then the second business asks the bust business again and again. Most probably the business prefers to court or debt collectors but these are not pertinent every time. Sometime even after the order of court some business doesn’t follow it and doesn’t repay money back. In other side, the debt collectors are the rude people who force the business for payment. But the fee which they charge is very high and they accept their fee in advance whether the output will be positive or negative. The business which has to get lower amount of money that cannot rely on debt collectors. At this time, the vexed business seeks another solution which can work for such issue.
There is merely a solution left which is applicable for small business debt collection perfectly. Yes, there is a online website which assists the business to post payment info and leave direct impact onto the online reputation of bankrupt business. Whenever, the business posts the payment info about bankrupt business then it becomes publicly with in small time. To make it possible is not complicated task and it is free of cost. The business when delivers payment info to the website then the info must be held on suspension for 3 days. The company also sends an informing email to the payer about post and also allots it last opportunity to make payment with in three days. This opportunity is given to the payer at the time before the post becomes online available. This website only supports to the Australian Businesses rather than sole traders or marketers.
It is best way for commercial debt recovery as it doesn’t force the business to repay money back as like debt collectors. It aims to encourage the business to response for payment as soon as possible. When the post becomes publicly then all the viewers are able to learn about such occurrence as how the business becomes bankrupt. Due to notifying email the payer gets into know about such occurrence and business must repays money back. So, it is such solution which surely works for your issue. The business who wants to post payment info onto this website must have ABN (Australian Business Number) number. You can post more than one payment info containing ABN through a single user account.