Broken Promises to Pay

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Author: Black-lists
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Author: Black-lists

A clear sign of dishonest behaviour is when the debtor breaks his promises to pay many times. Many companies have experienced such a situation: the goods are being delivered and the payment is not received in due time. The seller gives the buyerfurther timeto fulfil his obligations. Still no transfer is made. The creditor sends a written reminder, whichreceives noattention. Then the seller makes a phone call toobtain the information of when the buyer is going to transfer the money. The answer can be within a couple of days or by the end of this week. Friday comes, still no money is transferred. The same situation continuesthe followingweek. The debtor may scream at you, blame you for distrusting him etc. He pretends to be very busy, be on a business trip, bein a meeting, be sick, entertaining foreign guests or any other possible reasons not to talk to you. Your calls are never returned. When you finally catch the debtor, you may hear endless excuses for further delays and empty promises to pay tomorrow, this week, next week at the latest etc. When the debtor sees that you have reached your limit and your next step will be arbitration hemay transfer to you a part of the total debt and continue with his stories formore weeksor months. If you are lucky and your debtor does not disappear, you haveevery chance ofcollecting the paymentover several months, wasting your time and putting greateffort into the process. We can give the following advice: Never supply any goods on credit to unknown and unchecked companies. When your demands to pay give no result, blacklist the debtor on Black-lists.com and inform the debtor about it. Such popularity is not good for any company and it is very likely that the debt will be paid in full immediately. Use a reputable collecting company to take care of your debtor. Professionals will do it more efficiently than you. Avoid any business with this company in the future, except on 100% pre-payment terms. Do not forget to make an inspection of the goods before delivery, to avoid empty claims from the dishonest companies afterwards. About the Author:

Black-lists.com provides information support and anti-fraud protection for companies involved in international trade. Our anti-fraud protection programme will help importers and exporters to not become the victim of a fraudulent company or individual. More information can be found on our site http://www.black-lists.com

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