oboloo Glossary

Dunning Notice

oboloo Glossary

Dunning Notice

A Dunning Notice is an important document for businesses of all sizes. It’s a formal communication that informs customers that payment for goods or services is overdue and payment needs to be made in order to avoid further action taken by the creditor, such as interest or late fees. To ensure your business remains financially sound and secure, it’s important to stay on top of Dunning Notices. This means regularly checking customer accounts and sending out reminders if necessary. Plus, with many companies offering online solutions for managing payments and issuing Dunning Notices, it’s never been easier to take control of your finances. Stay on top of your bills – send out Dunning Notices today!