Skye Bank, First Bank Take Over Evans Medical Assets - Business (3)

Skye Bank, First Bank Take Over Evans Medical Assets - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › Skye Bank, First Bank Take Over Evans Medical Assets (32737 Views)

Re: Skye Bank, First Bank Take Over Evans Medical Assets by Jman06(m): 5:09pm On Oct 22, 2017

edoman2016:
How can medical representative recover debt from their defaulters? Cause I believe it is very difficult to force a debtor to pay up if he/she refuses to pay. That's even if the debtors has not relocate his/her pharmacy without notifying you. Maybe you can explain the strategies medical representative uses to collect payment on the due dates from their debtor.

To start with, medical reps don't give out large quantity of products to pharmacies until trust has been built over time. They weigh the capability of the pharmacy to pay up before giving out products on credit. In the event that the pharmacy defaults in paying the debt, they mount pressure on them. This could involve engaging the services of street boys or soldiers (in extreme cases). Applying the instrumentality of the law don't work in many cases because the law tends to delay the process and may not even get the debtor to pay up. However, rep would have given the defaulting customer a long rope before applying the pressure tactics.

Re: Skye Bank, First Bank Take Over Evans Medical Assets by jonadaft: 5:18pm On Oct 22, 2017

superhumanist:
You couldn't tell that it was a joke? See mumu!

Yes. Just look in the mirror and the stupìd mumu will be looking back at you lipsrsealed

Re: Skye Bank, First Bank Take Over Evans Medical Assets by edoman2016: 5:25pm On Oct 22, 2017

Jman06:
To start with, medical reps don't give out large quantity of products to pharmacies until trust has been built over time. They weigh the capability of the pharmacy to pay up before giving out products on credit. In the event that the pharmacy defaults in paying the debt, they mount pressure on them. This could involve engaging the services of street boys or soldiers (in extreme cases). Applying the instrumentality of the law don't work in many cases because the law tends to delay the process and may not even get the debtor to pay up. However, rep would have given the defaulting customer a long rope before applying the pressure tactics.

Thanks for the response. So I will like to ask please if you know how many days or weeks of credit period they grant to the pharmacies before they pay up?

Re: Skye Bank, First Bank Take Over Evans Medical Assets by Jman06(m): 5:46pm On Oct 22, 2017

edoman2016:
Thanks for the response. So I will like to ask please if you know how many days or weeks of credit period they grant to the pharmacies before they pay up?

It depends on the agreement. Sometimes it could last for as long as 2-3 months depending on the amount.

Re: Skye Bank, First Bank Take Over Evans Medical Assets by Jman06(m): 5:47pm On Oct 22, 2017

edoman2016:
Thanks for the response. So I will likfte to ask please if you know how many days or weeks of credit period they grant to the pharmacies before they pay up?

It depends on the agreement. Sometimes it could last for as long as 2-3 months depending on the amount.

Re: Skye Bank, First Bank Take Over Evans Medical Assets by dylan1ng(m): 8:38pm On Oct 22, 2017

ijekul:
Mogbe! I even thought they were related to Evans the kidnapper

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