Creating A Credit Policy That Prevents Delinquent Accounts
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Is your Credit Policy Working? Prevent bad debt with these tips.
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Creating A Credit Policy That Prevents Delinquent Accounts
- 1. Creating a Credit Policy that prevents delinquent accounts and results in fewer bad debts. Or How to Get Paid by Michelle Dunn
- 2. Determining how and who to extend credit to & setting credit limits. Gather customer information using Credit Applications.
- 4. Determining your criteria for new customers that you want to extend credit to. What do you need to know?
- 9. Setting payment terms, due dates and establishing penalties for late payments Your credit policy will be based on your terms, due dates & what you want to happen when a customer is late or doesn’t pay