Deciding whether to extend someone credit can be a tough process and requires you to examine many facets of their business. What happens though once you decide to extend them credit? How much credit should extend? The answers to these … Read More »
No one likes to deal with a customer filing for bankruptcy, but it is an unfortunate part of doing business. We have written a few articles in the past on what to do when this happens. The main point we … Read More »
It is not uncommon for a credit professional to be managing hundreds of accounts at once. It is also not uncommon for some of these accounts to have a surplus credit balance on them that goes unclaimed. This could simply … Read More »
Even if you follow all of the advice we have given on how to collect a bad debt, it is inevitable that some of your accounts will end up in court. This should only be used once all other options … Read More »
Despite your best attempts to minimize bad debt, it is inevitable that some customers will not pay. It is an unfortunate side effect of doing business. Understanding collections and having a procedure in place can help recover part of all … Read More »