The process of granting credit involves three basic steps. The first is the gathering of credit information from the customer and outside sources. Second, the information is analyzed to determine creditworthiness. Making the credit decision is the final step…
There are many things to consider when operating a business. Among the long list of considerations is how to handle past due accounts. Like so many things, being prepared with an action plan before you need it is smart business…
What’s your in-house strategy for collecting on past due accounts? Do you call? Write? Wait? How soon after the past due date do you begin contact with your customer to collect? At what point should you draw the line in the sand?…
The extension of credit is an integral part of business. Credit is a means of creating revenue and many companies will use credit to increase sales, match or beat competitors and meet customer demands…
