Creating a Credit Application
Get References
Ask for both Trade References and Banking References on your credit application. The past is almost always a good indication of the future. See how well they have managed their credit with other businesses, and how well they have managed their institutional lending.
An applicants references are essentially what can make or break a credit application. Previous credit debt is likely an indicator of future debt with the new line of credit.
A credit reference can refer to either a personal account of your creditworthiness or the most common type of reference which is a credit report.
Even the best credit application can’t stop all potential debtors from securing a line of credit from you. That is why you need a commercial collections agency you can trust to get back what is owed to you. Commercial Receivers Incorporated is the lowest cost commercial collections agency in the industry. Our rates are as low as 12% (ask about our 10% introductory rate)!
Contact Commercial Receivers Incorporated today to take back more of what is owed to you.
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