Yeah, finally! I just checked my account online and it's good news! Although it's not the full amount (it's the full 2009 amount), it is already about 75% of the debt! The debt collector will be chasing them again now that this first cheque has just cleared.
I feel so happy about this. It's no longer about the money but more of showing my debtor that I will not be pushed around anymore.
I was right about the hiring the debt collector. These people must have thought that we were pushovers and when we hired debt collectors, they simply handed the money over real quick. Money that was owed 4 months was simply paid up over 1 weekend!
This bad debt was money deemed as lost initially but the situation has turned around! It's victory in my opinion.
I rather pay a the debt collector who are so much more deserving of the money than these unscrupulous businesses who take advantages of small businesses.
I've started a category on 'Debt Collection' on this site to share more about my experiences and the steps you can take to increase your odds of collecting back your bad debts. You can also view the category on the right side of this page. I hope this will be of help to businesses in the same situation.
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