CreditorWatch is not a debt collection agency.
Instead, it acts as a preventative tool that helps businesses identify and manage risky debtors before collection becomes necessary.
How CreditorWatch Helps
CreditorWatch allows businesses to:
Identify potential bad debtors through credit reports and monitoring tools
Make informed credit decisions
Register payment defaults to alert other businesses of non-payment
By monitoring customers and using CreditorWatch’s tools, businesses can often avoid the need to engage a debt collection agency altogether.
Encouraging Prompt Payment
CreditorWatch members can display the CreditorWatch member logo on invoices, statements, and final notices to encourage customers to pay on time.
You can also include this line in your final notices or letters of demand:
“Unless this invoice is paid in full within 7 days, we will have no alternative but to register your company on CreditorWatch’s online bad debt registry.”
This serves as a professional yet firm reminder of the consequences of continued non-payment.
Learn More
Interested in how CreditorWatch supports debt recovery? Read this article to learn more.
Not a member?
Sign up here to start monitoring your customers and reducing payment risk.