As we have said in the past, credit terms are never a one size fits all concept. Though the industry standard tends to be Net-30, there are many reasons why it might make sense for you to shorten or lengthen … Read More »
No one wants to see one a customer file for bankruptcy. Not only does it mean potential lost revenue, but it also creates a series of headaches if you hope to get paid at all. While there are many types … Read More »
As many businesses in Houston, Florida, Puerto Rico, and throughout the Gulf Coast begin to rebuild after the devastating string of hurricanes that rocked the region, we want to wish everyone a safe and speedy recovery. As credit professionals though, … Read More »
Everyone has creditors they would rather pay back before others (such as debts owed to family or friends), but if you pay back these creditors prior to filing for bankruptcy they could be considered preferential debt payments. This would allow … Read More »
Just because you set up payment terms doesn’t necessarily mean your customer will abide by them. Many customers adopt their own payment schedule in spite of the terms they agreed to. There are lots of reasons that can happen, and … Read More »