As a business, you rely on prompt payment, but not everyone makes good on their debts. A lot of attention is placed on the rights of debtors, but remember, you also have rights as a creditor.
Legal guidance can improve your odds of collecting business debts – and the proper evidence can help you get a speedy start on your case. The documents below can be essential forms of evidence.
Contracts and agreements
The original contract or agreement is crucial in debt collection cases. It outlines the loan terms, payment schedules, interest rates and penalties. A signed and dated contract supports the debt’s existence as well as the debtor’s obligation to repay it.
Invoices and billing statements
These documents provide a clear record of the amounts owed and their due dates. They should include itemized lists of goods or services, taxes and fees. Accurate invoicing evidence establishes debt legitimacy and demonstrates your efforts to collect payment.
Payment records
Records, such as bank statements and receipts, reveal the debtor’s payment history. They identify missed or partial payments, support claims for the outstanding balance, and reemphasize that you tried to resolve the debt amicably before considering legal action.
Proof of delivery
If your business provides goods or even services, demonstrating proof of delivery can fill a vital role. Examples may include signed delivery receipts, tracking information and other documents that confirm the debtor received the goods or services. Proof of delivery helps establish that the debtor accepted the goods or services and is responsible for payment.
If you are struggling to collect on a Florida business debt, take your story and evidence to someone who can use the law on your behalf.