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Aug20
How does a Credit Policy Work?
A successful in-house Credit Policy MUST:

  1. Be tough yet flexible
  2. Have specific guidelines of action
  3. Be consistently enforced
Proper and consistent attention to accounts while following guidelines will make your credit policy successful.  Follow up is the key point in this instance.  If you don't do anything else, FOLLOW UP! 

If you follow your credit policy step by step, that means that you will never have to move backwards or repeat a step in the hope of collecting money that is owed to you. 

You must be firm and on top of things or your credit policy will fail.

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