Predictive Model for Customer Payment Pattern I am working for a logistics firm and there are approx. 750+ customers who avail our services. I am in the process of building and generating some insight for the business based on the payments made by these customers for the last 1 year. Some make payment on time whereas some are late &amp; some are extremely late. Could you please advice which modeling technique or statistical approach would be best in this case. 
I can think of creating clusters based on the payment history and highlights &amp; placing all defaulters in one cluster where our company can focus. 
PLease suggest.
Here are some things that come to mind: 

1) ARMA/ARIMA models: These may show if there is any seasonal trends in their payment history.

2) Logistic Regression: Will allow you model the conditional probability of a missed payments based off of number of previous missed payments. 

From here you need to determine what the threshold for risk is since that's a little more subjective.