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FG Philosophy & News, Money

The Final Countdown: Last Minute Collection Letter Tactics for Severely Delinquent Customers

There will always be those customers who don’t seem to want to pay, no matter how many invoices or well-crafted reminder letters you send. Hopefully your business can avoid these people, but if not, here are some tactics to help…

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FG Philosophy & News, Money

How to Craft the Perfect Initial Past Due Reminder Letter

Sometimes important obligations slip through the cracks. It happens to all of us: a forgotten phone call we promised to return, a utility bill payment that gets sent a few days late, an overlooked anniversary. Similar mistakes are bound to…

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FG Philosophy & News, Money

4 Steps to Create a “Firm” Letter for Your Late-Paying Customers

As a business owner, there will come a time when you need to be harsh with a client about a late payment. The best plan of action is to have a template all ready for yourself that you can use…

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FG Philosophy & News, Money

How to Use Sterner Language in Your Collection Letters

Asking for money can be uncomfortable, so having a plan for how you communicate at each stage of the collections process can alleviate stress. You should have a dunning letter template on-hand that you use when a client still hasn’t…

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FG Philosophy & News, Money

Setting Up a World-Class Collection Letters Library

For most business owners, chasing down clients for payment is at the top of their list of things they’d rather not do. At Funding Gates, we’re all about making this process as painless as possible, and one of the ways…

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Marketing & Strategy, Money

8 Ways to Encourage On-Time Payment Habits

The question of getting paid is always a sensitive subject, and late payments can cause riffs between perfectly amiable vendor/client relationships. How can you avoid missed payments and help your clients make a habit of paying on time? There are…

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Marketing & Strategy

Using Contracts to Get Paid on Time

What if you could get more clients to pay you on time, without investing more of your valuable resources into that painful process? Adding the right language to a contract at the beginning of a project can help make sure…

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Marketing & Strategy

How to Make the Dreaded Chargeback Work in Your Favor

Ah, the chargeback. Even if you are not familiar with the term, you definitely are familiar with the practice. A chargeback occurs when a consumer files a dispute regarding their credit card statement, and the card provider forcibly removes funds…

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Trends

If the Game of Thrones Characters Were Your Customers, Would You Get Paid On Time?

When it comes to running a business, you should look for management inspiration in as many places as possible. Therefore, in honor of the recent season premiere of HBO’s Game of Thrones, we ask “If the Game of Thrones Characters…

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FG Philosophy & News, Trends

How Your Company Can Give Thanks This Holiday Season

The holiday season this year is especially compressed, sending business into overdrive in an effort to eek out that holiday bounce. In the US, Thanksgiving and Hanukkah will fall at the same time, starting the gift season a bit early…

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