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 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...
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