A defaulter is someone who does not pay for the services or product he purchases. To put it bluntly, that is stealing, but in practice that is not always the case. A default is usually due to a debtor simply not being able to pay. But it can also be due to laxity or because companies want to gain interest by paying as late as possible. And sometimes it is true that people or companies order products or services and consciously do not pay for them.
Do you want to get rid of your defaulters?
According to the Van Dale, a defaulter is a ‘bad payer’. But when do you pay badly? Is that when you fail to keep your payment agreement? And is that if you don’t do it once or only when it happens systematically? And are you a defaulter if you pay 1 day late or only after 90 days?
When are you officially a defaulter?
A defaulter is therefore a non-payer or a bad payer. However, no real limit has ever been set for when someone can be officially labeled as such. So it really depends on the creditor’s perception. When a debtor pays one day late, he will generally not yet be seen as a defaulter. When that one day turns into 6 months, it’s something else. And if someone leaves every invoice for far too long, then we are talking about a typical case of non-payment or poor payment.
What to do against a defaulter?
The best, of course, is to avoid default. The largest part can already be overcome with a strict debtor policy. You can prevent a lot by switching quickly and strictly on expired payment terms, by reminding them immediately and calling in time. In any case, you will not be forgotten!