How to Talk to Your Creditors Before It’s Too Late
Many business owners wait until they’ve missed payments to reach out, but early communication often makes all the difference.
Why Communication Matters
Creditors typically prefer structured payment plans to expensive recovery efforts. When approached correctly, they’ll often adjust terms or hold collection activity while discussions continue.
How to Start the Conversation
Be honest about the problem. Explain the circumstances affecting cash flow (sales slump, seasonal slowdown, supply delays).
Present a plan. Even a temporary payment proposal shows commitment.
Stay professional. Keep all communication written, calm, and factual.
Document everything. Notes, emails, and call summaries protect you later.
Davenport Law is Here to Help
If the creditor is uncooperative or already threatening legal action, it may be time to involve experienced negotiators. Davenport Law works directly with lenders and vendors to:
Stop daily or weekly draft pressure
Consolidate obligations under realistic schedules
Preserve key business relationships while reducing risk
Key Takeaway
Communication done right can prevent escalation and sometimes save your business.
Need clarity about your situation?
Simply hit the “Contact” button at the top of this page to schedule a review with Davenport Law to understand your options and plan a path forward.
