Credit Policy for businesses and how to extend credit and manage credit risk

A Credit Application is the piece of paper you have that binds your customer to your terms.

A credit application is your source for information on your customer.

A credit application can also be a contract. (Be sure it is signed!)

A credit application is your protection against bad debt, disputes or "skipped" customers.

A credit application is a tool you can use to recover money or products when things go "bad".

A credit application gives you the information you need to decide if you want to extend credit to a customer.

Important note! NEVER, EVER extend credit without a SIGNED credit application and before checking ALL references. USE CAUTION!