Post by asadul5585 on Feb 22, 2024 3:22:50 GMT -5
Unfortunately, defaulting is a problem that no one is free from, neither individuals nor companies. Default, which is when customers do not make their payments when due, is a problem faced by any enterprise. The more defaulting customers a business has, the more changes in accounts the company will have, which could even end up in the negative. To avoid this type of situation, there is the so-called risk of default, which can be defined in several ways, observing the customer's profile and financial history. 4 types of default Before we talk about how to define default risk itself, it is important to know what types of default there are. In Brazil, four main profiles of defaulters are known: negligent debtor, occasional debtor, addicted debtor and bad payer. Let's talk about each of them and how to deal with customer defaults. 1. Negligent debtor This is the type of defaulter who does not have an organized financial life and for this reason forgets about payments.
For this type of debtor, it is necessary to make all agreements very clear, including collection messages that help remind them that payment deadlines are about to expire. 2. Occasional debtor This profile seeks to keep the accounts in order, however, for some specific reason, they end up defaulting, unable to fulfill the established financial commitment. This is a type of debtor who can be irritated by demands, unlike the previous one, as he is organized with his finances and, therefore, does not consider himself a debtor. Therefore Kuwait Mobile Number List it is important to be careful when charging this type of client, choosing the phrases used carefully , so as not to generate conflicts in the negotiation. 3. Addicted debtor This is one of the least problematic debtors, because he does not usually have financial problems, but some type of disorganization, unconsciously delaying payments. This is the case of debtors who get credit very easily and spend more than they can, buying on impulse and without planning their budget.
In general, as soon as a charge occurs, they usually pay, without any major difficulties, sometimes just asking for a renegotiation and accepting the interest. This is a type of defaulting customer who is open to negotiating and resolving issues. 4. Bad payer This, unlike the previous one, is the most problematic type of defaulter, because it is a person who has become accustomed to being charged. Therefore, meeting their financial commitments is not a concern for this type of client, because they already have a dirty name and don't care about cleaning it up. You can try some tactics to get your payment , but it may be the case where the company even needs to go to court. On the other hand, you also don't have to worry about losing this customer, as it is not advantageous to continue selling or offering services to those who don't usually pay. Now that you know that each type of debtor requires different actions at the time of collection, you can better understand that the risk of default changes from customer to customer.
For this type of debtor, it is necessary to make all agreements very clear, including collection messages that help remind them that payment deadlines are about to expire. 2. Occasional debtor This profile seeks to keep the accounts in order, however, for some specific reason, they end up defaulting, unable to fulfill the established financial commitment. This is a type of debtor who can be irritated by demands, unlike the previous one, as he is organized with his finances and, therefore, does not consider himself a debtor. Therefore Kuwait Mobile Number List it is important to be careful when charging this type of client, choosing the phrases used carefully , so as not to generate conflicts in the negotiation. 3. Addicted debtor This is one of the least problematic debtors, because he does not usually have financial problems, but some type of disorganization, unconsciously delaying payments. This is the case of debtors who get credit very easily and spend more than they can, buying on impulse and without planning their budget.
In general, as soon as a charge occurs, they usually pay, without any major difficulties, sometimes just asking for a renegotiation and accepting the interest. This is a type of defaulting customer who is open to negotiating and resolving issues. 4. Bad payer This, unlike the previous one, is the most problematic type of defaulter, because it is a person who has become accustomed to being charged. Therefore, meeting their financial commitments is not a concern for this type of client, because they already have a dirty name and don't care about cleaning it up. You can try some tactics to get your payment , but it may be the case where the company even needs to go to court. On the other hand, you also don't have to worry about losing this customer, as it is not advantageous to continue selling or offering services to those who don't usually pay. Now that you know that each type of debtor requires different actions at the time of collection, you can better understand that the risk of default changes from customer to customer.