Late payments can be reported to the credit bureaus , and if done right, your non-paying customers will feel the heat. Anyone who wants to do business with your debtor will be cautious because on their credit score that can result from your reporting.
The process of reporting is rather simple. All you have to do is go to the relevant websites such as the Register to Report Credit Data by Experian and signup.
Mention the customer’s business name and address, total debt payment, the date when payment was due, agreement clauses regarding late payment, brief details about goods and services delivered, and the number of times and methods you used to contact the customer to resolve the issue and settle the debt.
Report late payment in the UK:
The UK Government has an official website where you can complain about late payments. If you have less than 50 employees and you are reporting a company that has more than 50 employees, you can contact them directly at the following email addresses for any complaints.
A website that issues a report on how large enterprises pay SMEs. You can get a detailed report regarding your customer’s payment behaviours.
Alllucid is a crowd community software that supports the UK government and the small business commissioner. It provides accurate reports about your customer’s late payment practices and whether or not you are the only one who is experiencing late payments.
The Register of Outstanding Invoices – ROSI, shows information for commercial debts. You can subscribe and then report your customer to ROSI for late payment and their data will be viewable to the general public.
You can rate a company that you’ve done business with. It then offers lifetime free access to their directory to check late payment records for any company you want to do business with in future.
Businesses report their payment practices here. You can make the best use of their directory to inquire about your customer’s late payment timelines.
It is a dispute website to view disputes among businesses. If your customer has a dispute in the past or current, their directory will show dispute status and how well your customer countered it. You can also open a late payment dispute here.
You can report late, overdue and unpaid invoices here to save other businesses from non paying clients. You can also search their database before getting into the new business with your customer as well.
Reporting in the USA:
A dispute website that displays chronic and occasional late payers along with uncollectible accounts. You can report your customer to add them to the list.
Reporting in Canada:
To report late payment and make it available to the public, fill in a few details about your customer along with dispute clauses, due amount, the past due date, and mention penalty fees if incurred. Email the details to [email protected]
A free service to report all unpaid invoices to Equifax and TransUnion on behalf of their clients. You can use this service for late reporting if your dispute is not settled within 45 days.
Reporting in Australia:
Reporting in New Zealand: