CHANGES IN DEBT COLLECTION LAWS REQUIRE CHANGES IN DEBT COLLECTION STRATEGY
In response to these changes, many businesses have significantly reduced the amount and the availability of credit they are willing to extend to customers. In some cases, payment in advance is required before a delivery of oil, propane or lumber is made. Businesses that provide services in the construction trades are requiring larger deposits and signed contracts before work begins. Some clients have informed me that the only customers they have lost after instituting these new policies are those that were problem payers in the past.