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...
by admin | May 2, 2018 | Creating a Credit Application, Extending Business Credit & Commercial Collections
Creating a Credit Application Personal Guarantees Personal guarantees are considered a staple of any good credit application. If the client cannot pay their bills through their company, a personal guarantee binds the owner to pay you, even though their business is...
by admin | Apr 25, 2018 | Creating a Credit Application, Extending Business Credit & Commercial Collections
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...
by admin | Apr 18, 2018 | Commercial Collection Series, Creating a Credit Application, Extending Business Credit & Commercial Collections
Creating a Credit Application: 2. Ask for everything you might need to collect later. The application has 2 functions. First is to establish that the client is actually creditworthy. Second, the Credit Application gathers what you need to know, who you need to contact...
by admin | Apr 11, 2018 | Creating a Credit Application, Extending Business Credit & Commercial Collections
Creating a Credit Application: 1. HAVE ONE! You should not be giving credit either business to business, or business to the consumer without a credit application, it really is that simple. Commercial Receivers Incorporated is the lowest cost commercial debt collection...
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