Wilson Cole's Podcast From The Road

When a business is at risk, there will always be five warning signs. However, the third warning sign can be a real tipping point. This situation is when an account is 60 to 90 days past due. It is critical, and speed is of the essence if you want to collect your owed fees. What You Should Know About The Third Warning Sign Seeing the third warning sign is a significant cause for concern for collecting from a company. However, if you’re not convinced of the urgency of the situation, we urge you to keep reading so you have an idea of what you can expect if you let the account stand idle for a little while longer. You, Will, Start Seeing A Dramatic Difficulty Increase When It Comes to Collecting from a Client Who is Displaying the Third Warning Sign The third warning sign typically consists of an account being 60 to 90 days past due. At this point, you usually have a 71% chance to get your fees. However, if you leave it for another 30 to 45 days, you can expect a dramatic increase in difficulty to collect for sev