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...
by admin | May 24, 2018 | Business Credit & Collections Lessons, Extending Business Credit & Commercial Collections
Business Credit & Collections Lessons Receivables Management Systems Do you have staff that is qualified to collect customer accounts? Do you have software that allows you to adequately track the accounts? Do you have the internal systems in place to prove the...
by admin | May 23, 2018 | Business Credit & Collections Lessons, Extending Business Credit & Commercial Collections
Extending Business Credit Who gets what terms? Let’s be smart about this, a credit policy doesn’t mean open the floodgates. The best customers, with the greatest ability to pay, should have the best terms. New customers that have not established trust yet, perhaps not...
by admin | May 17, 2018 | Business Credit & Collections Lessons, Extending Business Credit & Commercial Collections
Business Credit and Collections Lessons Understand your risk, can you afford it? Do you have enough sales to support the extension of credit, or is your business still “hand to mouth?” Are you extending credit on big-ticket items that will disproportionately impact...
by admin | May 16, 2018 | Creating a Credit Application, Extending Business Credit & Commercial Collections
Creating a Credit Application Consider Making it Public Consider putting your credit application on your website. The purpose of extending a line of credit to customers is to drive more business. Perhaps more people will complete the credit application, resulting in...
by admin | May 9, 2018 | Commercial Collection Series, Creating a Credit Application, Extending Business Credit & Commercial Collections
Creating a Credit Application Make it Look Professional This sounds trivial, but a professional looking document makes a difference. It is one of those things, the more professional looking the document, the more likely it is that you will not have to enforce it due...
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