6. Your Credit Policy Needs to be Visible and Known.
There are few things worse than an ambiguous credit policy and trying to defend it in court. One thing that is worse than defending an ambiguous credit policy, is trying to defend a well-articulated policy that no one knew about! We frequently suggest making your credit terms, how you get your credit, how you are expected to pay, public knowledge, and even putting it on your website so that there are no questions about what your credit terms and expectations are.
If you are looking to collect your past-due receivables and get your money back, contact one of our commercial debt collection specialists.