by admin | Jul 5, 2018 | Business Credit & Collections Lessons
Are there open Collection Actions? Good Business Credit Reports will list a history of collections and outcomes. This is critical information if you intend to offer Business Credit. Just because a client is in financial trouble, and has open collections, does not...
by admin | Jun 29, 2018 | Business Credit & Collections Lessons
Are there legal problems looming? As soon as you see a client in legal problems, filing for bankruptcy protection, liens, or anything of that sort, that client should immediately go on COD terms. Your first danger signal in commercial collections is any indication...
by admin | Jun 25, 2018 | Business Credit & Collections Lessons
Check Payment History Some of the better business credit reports list payment history. Obviously, the better the customer’s or client’s payment history, the more creditworthy they should...
by admin | Jun 18, 2018 | Business Credit & Collections Lessons
Business Credit & Risk-Taking When extending business credit evaluate your client’s patterns of taking credit risk, either through review of their credit rating or based on your personal knowledge. If the customer displays high degrees of credit risk-taking, it...
by admin | Jun 12, 2018 | 5 Ways To Collect, Business Credit & Collections Lessons
Collecting Without An Attorney Debt Collection Agencies Collection agencies are hired by businesses to collect outstanding debts, as you may already know. However, most collection agencies will only accept cases if they are confident that there is a good chance of a...
by admin | Jun 8, 2018 | Business Credit & Collections Lessons, Extending Business Credit & Commercial Collections
Extending Business Credit Utilizing A Credit Report When extending business credit, utilizing a credit report is one of the best ways to discover if your customer is creditworthy. These days, pulling a credit report can be relatively easy when individuals or...
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