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

The IRS has put a great rebate calculator on it’s website so consumers can determine if and how much they will be receiving as part of the stimulus package.  You should share this link with your customers, have them use the calculator to find out if they will be receiving any of this money and if they are, set up a payment plan based on that additional income.

The stimulus package was meant to stimulate the economy, but that doesn’t look like it is going to happen.  Financial Advisors and credit card analysts say consumers are more likely to pay down high interest rate credit cards debts and household bills with the tax rebates that Congress and the Bush administration approved in February to try and help stimulate the economy.

Consumers normally use tax refunds for vacations, a large purchase they don’t want to save for or to pay down debt. With the credit crisis expanding throughout our economy more consumers will be using this rebate to pay bills.

Make sure your bill is one of them.