PSA: I read that most late payments happen in the first 90 days... and I think that's wrong.

I saw a report from a small business group last week that said over 60% of overdue bills are from clients you've worked with for less than three months. It was a big number, so I checked my own records from last year. For me, the slow payers were almost all people I'd been dealing with for over six months... they just got comfortable being late. The 'new client' rule didn't hold up at all. Maybe the advice to watch new people closely lets the old, familiar ones slide. Has anyone else found their long-term clients are the ones who start to drag their feet?

3 comments

3 Comments

thompson.julia2d ago

Isn't it funny how people get lazy once they know you? Like how my neighbor always returns my stuff late now, but was so careful at first.

wendym872d ago

My friend's roommate stopped washing dishes after month two.

the_rose2d ago

Yeah, I always believed the "new client" rule too, but my records show the exact same thing. It's like what @wendym87 said, people just get comfortable and the old rules stop applying.