BizCreditPolicy: Denying Credit Archives

Denying Credit Archives

Apr 2	If You Extend Credit - Read This! Michelle Dunn April 2, 2008 Know More: Business Credit, Checking Credit, Creating a Credit Policy, Debt in the News, Denying Credit, Effective Billing, I have past due customers, what do I do?, New Accounts As a credit grantor, you should be aware of some basic principals: Granting credit carries an unavoidable element of risk. You will have some losses regardless of how closely you screen applicants. There are some fundamental procedures that can... Posted at 1:22 PM \| Permalink \| Comments
Mar31	Pre-Sale Paperwork does NOT kill a sale! Michelle Dunn March 31, 2008 Contrary to what many business owners believe, having potential customers fill out pre-sale paperwork, such as a credit application, does NOT kill a sale. How many times have you asked someone to fill out a credit application and they say,... Continue Reading Posted at 5:50 AM \| Permalink \| Comments
Mar24	The toughest question your customer will ever ask you…and how to answer it without getting into trouble. Michelle Dunn March 24, 2008 Do not let your customers or potential customers walk all over you because you might be having slow sales and be desperate to make a sale. Remember a sale is not a sale until you get paid. With the... Continue Reading Posted at 7:50 AM \| Permalink \| Comments
Feb21	Will your Customers Pay You? Checking Credit Effectively! Michelle Dunn February 21, 2008 Everyone wants more customers and more sales. But watch out when you extend credit in order to get a new customer or make more sales, can that customer pay you? Will they pay you?There are some things you can do... Continue Reading Posted at 5:18 AM \| Permalink \| Comments
Feb20	Extending Credit during a Credit Crisis Michelle Dunn February 20, 2008 During a tough economy it is harder and harder to have customers who buy on credit. Getting credit is harder than ever for consumers everywhere as we trudge through the credit crisis. When you have a potential new customer, you... Continue Reading Posted at 5:34 AM \| Permalink \| Comments
Oct19	How to tactfully deny credit to your customer Michelle Dunn October 19, 2007 You know you cringe when a credit report comes back negative and you have to tell your customer they are not approved. Not a fun job. So what do you say to kindly decline them the opportunity to have... Continue Reading Posted at 6:13 AM \| Permalink \| Comments

Denying Credit Archives

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

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