CreditorWatch’s 24/7 credit monitoring tools constantly watch your customers and automatically email you when important information changes. This could be court action against them, non-payments to other suppliers or voluntary administrations. Monitoring for adverse events such as these gives you more time to grow your business and lets you sleep more soundly at night. If debtors are still failing to pay after the final demand letter is issued, you can let them know that you take debt seriously by registering a payment default. The default will affect the debtor’s credit score for up to five years and alert other businesses about the debtor’s poor payment behaviour.