If you sell goods on credit then there is a possibility that you will need to have a contingency for debt collection that can be utilised very quickly, as with all debt it is very important to move fast when it come to being able to collect your money or easily pick up products that have been sold to a customer that has not paid you.
It is super important to work fast when you have a creditor that has not paid you because you need to pay your suppliers and having outstanding debts put a great deal of pressure on your business. It is not good to leave these debts to long no matter how good a client they are.
Of course having the right credit agreement is very important when it come to retrieving products from a debtor, however, it is not all lost if you have not got paperwork to support the retrieval of goods. Usually, it's a matter of letting the debtor know exactly what you intend doing if they do not pay you immediately.
Collecting wholesale and retail debt is a matter of pure persistence and requires a collector with the skills to keep at a debtor until they have the required outcome.