Late payers face internet shame

The threat of exposure on the internet is being used as a deterrent against late payers.

A website called 60days.com, named after the minimum time it takes people to pay up, claims it is finding success with companies which have previously tried everything, including the courts, to get offenders to hand over cheques for old invoices.

The approach involves a 21-day stay of execution during which the late payer is told in no uncertain terms that unless they pay up they’ll be named in public on the internet.

Trevor Tierney, owner of 60days.com, says: “Small businesses face enough problems without bad payers. I found out the hard way that a County Court judgement counts for nothing if someone doesn’t want to pay.

“The threat of being named and shamed seems to hit home. As more companies discover the service we expect them to use the site as a basic credit checking service, finding out whether potential clients are going to be worth trading with.”