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| Total Answers and Comments: 6 |
Last Update: January 20, 2009 |
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Submitted by: chandra2001
Dunning is the process of methodically communicating with customers to ensure the collection of accounts receivable. Communications progress from gentle reminders to almost threatening letters as accounts become more past due. Laws in each country regulate the form that dunning can take. It is generally unlawful to harass or threaten consumers. It is acceptable to issue firm reminders and to take all allowable collection options. The word stems from the 17th century verb dun, meaning to demand payment of a debt.
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