RSSM Digital FSA Edition December 2019 - Page 27

About Recruitment Placement Fees 04 Knowing when to Turn It Over 05 Never Telling Your Client You Have Voided their Contract Very similar to number 3, you have to know when to hold ‘em and when to show ‘em. Sometimes, a phone call is all it takes to get someone to pay your past due debt. Other times, it is best not to hold on to them for too long and risk the com- pany going out of business before you can recover your money or even wait too long and have the statute of limitations run out on you. It is all about evaluating what is best for you and your company and how much time and effort you want to put into something before you hand it over to someone else. You have done everything right up until this point, and you have a bullet proof case. There is no reason you should not get paid and then you say you have voided their contract. This might sound a little obvious, but we have seen many people get caught up in this moment and shoot themselves in the foot with this. If you try to collect on a voided contract, it is like trying to collect on a debt that never existed. This makes it very sticky when people void the contract and do not want to turn over any “bad” information with the account and hope for the best. This leads to a very big mess that is hard to clean up. Taking time to make sure all your t’s are crossed and your i’s are dotted can pay dividends when trying to collect past due debt. If you stay away from these 5 big mistakes so many people fall into, you will save yourself a lot of time and headaches. WILSON COLE FOUNDER & CEO OF ADAMS, EVENS, & ROSS 800-452-5286 EXT 6578 | 27 WWW.RSSM.BIZ WWW.RSSM.BIZ