Having a hard time collecting payments? CreditorWatch debt collection tools can help. Our customers have access to customised letter templates with the CreditorWatch logo. Customers have reported a 53% increased chance of receiving payment when they used the CreditorWatch templates and logo. 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.