Small business collecting debt from another business..?

My husband and I have a very small business and have a small outstanding debt from another business ($400). The amount isn't enough to go to small claims court over but what are my options to collect. Would a collector take on such a small amount. How do I go about reporting a business to the credit agencies if we never get our money? This is turning into a principle issue for me.

Thanks for all replies.

don't you hate it when people owe you money and they won't pay? okay, here are your options:

1. small claims court (not your best shot)

2. collection agencies. some will buy the account from you for less than $400 and then go after the customer for the entire $400. or they will try to collect the entire $400 for you and take a percentage as a fee.

3. write it off as a loss and refuse to do business with them again

4. if you continue to do business with them, you can try to add $400 to their next bill/invoice

Some attorneys will work for a third of what they can collect

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