Deliquent payments

Increasing down payments - pre payments

[minnapple]

The second Monday of each month I contact clients that are late in making payments. This is not a job a look forward to.

Usually, I have a couple of calls to make on my list.
Over the last few months, the number of calls, and time spent "collecting" on deliquent and uncollectable payments has increased.

I often do business on a "handshake basis", but with companies downsizing, I have found the hand I shook is no longer there and without documentation . . . well

Even with a signed contract, I have found companies asking to "pay a portion" because of tough times.

To offset these development, I am starting to ask for a larger portion of money upfront, and at times full payment.

QUESTIONS:
Is anyone else seeing an increase of NO, LATE or PARTICAL, payments?
How are you addressing these if your are?

Minnapple

[Travoli]

I don't know about an increase, but this kind of situation seems common. Check out this [webmasterworld.com] thread.

[bmcgee]

We are certainly seeing an increase in late payments. I don't think we have any complete deadbeats who have not paid, but we are finding it takes month to get payments these days.

From what I hear, that is commonplace in this economy...