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Advice on bad debt

  • 06-02-2009 12:17pm
    #1
    Kelter
    Closed Accounts Posts: 393 ✭✭


    I'm a one man show consultant. I foolishly (perhaps) allowed one of my larger clients to rack up a 20k debt. They are now asking for a 50% discount.

    So if I give them 10grand... will they then keep treating me like this?

    Will I become p!ssy with them in the long run?

    Should I get out now?



    If I don't... will they go under?

    Will I get any money back?



    Advice please


Comments

  • #2
    EKRIUQ
    Registered Users, Registered Users 2 Posts: 4,387 ✭✭✭EKRIUQ


    Why not arange some easy payments options with them, €2,500 now and €1,000 a week for the next weeks, until the account is cleared.


  • #3
    dandelion
    Registered Users, Registered Users 2 Posts: 34 ✭dandelion


    Are they asking you to reduce by half the amount they owe you?

    Say yes, get the 10k and never do business with them again. don't issue a credit for the 10k until you have the cheque cashed.

    If you're not using a contract, you should start.

    Stop extending credit, big customers put suppliers out of business every day.....at least thats what I think.


  • #4
    me_right_one
    Banned (with Prison Access) Posts: 2,043 ✭✭✭me_right_one


    what about a debt purchaser?


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