- Original Poster
- #1
Hi all, last September I was sub contracted to do some work for a local company with whom I have worked for many years and had a good business relationship with - we were on the same side so to speak.
I carried out the work as requested, supplying materials in the process. The end user was delighted with the work and told me that he had paid up front to this local company even before work had began. I sent my invoice on completion and to cut a long story short I am still waiting for payment despite reminders, leaving messages , statements etc etc. The person who would write the cheque has not had the courtesy to call, text or e-mail to offer any sort of apology or explanation for the longe delay in payment - to be fair I think he was in the Carribean for the months of January/ February !
Anyway I am fed up feeling bad about having to chase this debt myself and for the first time in 20 years I would like to employ a debt collection agency to collect it for me. It will probably mean I will not work for this company anymore which is a pity but so be it.
Can anyone advise are there companies out there who will 'factor' the debt for me or is it better to use a company whom will collect it and pass it on to me. Can I charge my customer for costs that I will incur by going down this road.
Excuse my ignorance but I have never had to go down this road before. Its a substantial 4 figure sum by the way which is leaving me under financial pressure every single month - hence the reason I am not a happy camper !
Thanks in advance
I carried out the work as requested, supplying materials in the process. The end user was delighted with the work and told me that he had paid up front to this local company even before work had began. I sent my invoice on completion and to cut a long story short I am still waiting for payment despite reminders, leaving messages , statements etc etc. The person who would write the cheque has not had the courtesy to call, text or e-mail to offer any sort of apology or explanation for the longe delay in payment - to be fair I think he was in the Carribean for the months of January/ February !
Anyway I am fed up feeling bad about having to chase this debt myself and for the first time in 20 years I would like to employ a debt collection agency to collect it for me. It will probably mean I will not work for this company anymore which is a pity but so be it.
Can anyone advise are there companies out there who will 'factor' the debt for me or is it better to use a company whom will collect it and pass it on to me. Can I charge my customer for costs that I will incur by going down this road.
Excuse my ignorance but I have never had to go down this road before. Its a substantial 4 figure sum by the way which is leaving me under financial pressure every single month - hence the reason I am not a happy camper !
Thanks in advance
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