Once you have made the decision that you will be in the business of establishing lines of credit of some sort for your clients, the next step is to establish a clear credit policy and then, of course, to stick to it. Here is a quick series on getting from ground zero to having an effective credit policy.

1. What is the competition doing? – Research.

Flattery is the best form of compliment, and we all live in a competitive environment. What are your competitors offering as credit to their clients? If you are able to, match or better them.

if you are looking for an answer to your accounts receivables problems, contact one of our commercial debt collection experts.

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