These questions are a 'nearly infallible' indicator of your healthy debt management practices. 

A score of 7 or more No-s, indicates that you definitely need Accountability.

1. Do you have the staff and the time to continually chase your bad payers?

Yes ? or No ?

 (as apposed to being unaware of the time and money spent to chase your own money)

2. Are there undesirable consequences for your clients if they don't pay up? 

Yes ? or No ?

 (as apposed to being all your final demand letters falling on the deaf ears of bad payers)

3. Do you willingly help a business entity by offering credit to assist in the logistics of their projects?

Yes ? or No ?

(as apposed to being being willing to take a calculated business risk) 

4. Do you use a thorough credit application?

Yes ? or No ?

(as apposed to useing a handshake and a paperless system) 

5. Do you get signed surety? 

Yes ? or No ?

(as apposed to accepting a customers refusal to sign for surety)

6. Do you have an objective means of deciding whether or not to give credit?

Yes ? or No ?

(as apposed to relying on references, bank codes and gut feel)

7. Do you stop monthly credit slide by regularly updating your credit applications?

Yes ? or No ?

(as apposed to neglecting this important part of your business)

8. Are you aware of the credit law requirements and how easy it is to list a business entity as a bad payer on the credit bureau?

Yes ? or No ?

(as apposed to being in the dark about the credit law and how it affects your business)

9. Do you have access to contingency based lawyers (no collection, no fee)?

Yes ? or No ?

(as apposed to thinking that privilege is only reserved for people who have friends and family who are lawyers)

10. Do you know how to enforce fair business-credit practice without offending your clients and losing their business?

Yes ? or No ?

(as apposed to thinking you will always loose business if you use the credit bureaus)

A score of 7 or more No-s, indicates that you definitely need Accountability.

If I may ask:

How long are you going to let your bad payers use your money? 

Are you a bank?

What is the opportunity cost of your outstanding debt? 

Do you realize that you are paying and loosing interest every day? 

Have you found a more cost and time effective way of preventing and reducing bad debt?

How long until you get desperate enough to do something about your bad payers? 

If you can spare a few minutes please contact me on the 'Contact Us' menu button and even let us know if you don't want to be contacted, but you have some comments about our site. If you have realised that you need Accountability in your business processes, you can >>register now<<.