What is a payment default?
A payment default is a black mark on a credit report that indicates a business does not pay their bills. It can stay on a credit report for up to five years, affecting the business's credit score and also generates an alert to other businesses of their failure to repay a debt.
What will it do?
Registering a default on our bad debt register is a great way to prompt a slow or non-paying customer to pay their outstanding debts out of fear of ruining their credit file and deterring other suppliers
Download the Ward Packaging Case Study to learn how CreditorWatch can be used as a provocative tool to break the silence and prompt your debtors to pay!
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