When Does Debt Recovery Really Start?

Dear Friend,

Trust you are doing well?!

In today’s newsletter, I want to quickly change the general narrative of when debt recovery actually commence.

And because, you are in my inner circle, I want to ensure that, you are well informed than the general public. I mean, that is the whole essence of being in my mailing list, right?

So, let’s get started!

Most people think of debt recovery as something that kicks start when a customer fails to pay on time.

But here’s the thing: effective debt recovery actually starts long before any payment is missed. It begins the moment you decide to extend credit, to a client or customer and it's irrelevant whether the credit is in the form of loan, goods, or services.

Think of it like this way!

When you offer someone credit, you’re essentially placing a bet on their ability to pay you back. And just like any bet, the odds are better if you’ve done your homework upfront.

That means, properly assessing the customer’s creditworthiness, setting clear payment terms, and ensuring both parties understand the consequences of late payments.

By taking these steps early, you’re not just protecting yourself and business for bad debts and chronic defaulters — but also setting the stage for a smoother relationship with your customer. If things goes south and payments start to delay, you’ll be in a stronger position to manage the situation effectively, because you laid the groundwork from the beginning.

So, while it’s easy to think of debt recovery as something that happens when things go wrong, the reality is that it’s about being proactive from day one.

This mindset shift only, can save you a lot of headaches down the road.

And the catch here is, this approach helps you prepare and take proactive measures in managing your credit risk and reducing it to the barest minimum, whether as a moneylender, service provider or vendor.

This and so much more, is what you will learn from "Debt Recovery Mastery for SMEs" course with a lifetime community support, certificate of completion and easy to use resources to help you navigate through your debt recovery process seamlessly!

Remember, if you want to ensure constant Cashflow and profits in your business, you must master the ART for a Strategic, Proactive and Successful Debt Recovery.

USE THIS LINK to learn more about the DMS course.

Cheers to constant Cashflow in your business!

Yours legal,

Precious Toju, Esq.

(Debt Recovery & Credit Coach)

Creator, Debt Recovery Mastery for SMEs