HOW TO MOST EFFECTIVELY GET WHAT YOU ARE OWED
“THEY OWE ME, BUT I CAN’T COLLECT” (OR “I DON’T KNOW HOW TO COLLECT”)
Sound familiar? Somebody owes you money but you haven’t heard anything from them. You send them reminders, but they go unanswered. Depending on who owes you money, and the level of urgency involved in retrieving it, there are different approaches to take.
If the party is a business client, you should start with sending them a weekly invoice. If they’re having a busy week and you give them the benefit of the doubt that they didn’t see it or accidentally forgot about it, perhaps all they need is another reminder. If, however, after a few weeks this proves ineffective and they continue ignoring you, send them a “final invoice” and let them know that if no action/contact is attempted in the proceeding 7-10 days, the case will be taken to Small Claims Court.
When the matter involves friends or family, it can be a little more delicate. One way to approach the awkward situation is to try and create a payment plan for a large amount of money, a choice which eases financial tensions but can extend over longer periods of time (depending on the installments). If you lend anybody money, you should always have written documentation as to your intentions for its usage and when you expect to be paid back.
If you find yourself completely stonewalled and don’t hear anything from the other party, you may consider the Small Claims Court route. The problem with this alternative is that it is an extreme hassle in terms of time, money and paperwork. When you confront these obstacles you will realize that it is often just not worth taking it to court. So how do you get paid?
The answer is Squabble. Simply input the minimal information into our seamless app flow and invite the opposing party. When they accept the invite (which is highly likely when they realize that the alternative is the torturous process of Small Claims Court), a Certified Squabble Mediator™ (CSM) will ensure that the problem gets resolved smoothly, efficiently and effectively. The bottom line? You finally get paid.