Offering credit as a payment option can open your business up to new customers. However, when offering credit, you are essentially financing your customer’s business while taking a risk on yourself. To safeguard your cash flow, it is important first to do your homework and ensure your prospective customer is worthy of credit by contacting a debt collection Dubai agency.
Ways to know the Bad Customers
Below are some effective ways to know the bad costumers who won’t pay the amount on time or won’t pay at all.
- Trade References
When qualifying new prospects, your network may turn out to be your most reliable ally. Especially if your industry is tightly knit, or your potential customer is local to your area, other business owners may have dealt with them in the past. A quick round of calls to your contacts may be able to put your mind at ease as to the new client’s creditworthiness.
- Online Research
Collecting information online is often the quickest and most effective way to find out facts about anything, including businesses. When a potential customer approaches you with interest in a product and a credit request, you can have a look at the debt recovery Dubai agencies online database. With a simple search engine query, you can verify publicly available information such as business name, ABN details, address, and contact details.
Additional documents, such as historical company information, satisfied charges, and certificates, are available for a small fee.
Final Remarks
Hence, if you ever get an instinct or a bad vibe about a customer, it is better to take these measurements beforehand. however, if they are offering you a good deal, you can seek help from debt collection Dubai agencies. they can help you deal with them all over the UAE including Sharjah, Ajman, and Fujairah.