Credit Policy for businesses and how to extend credit and manage credit risk |
Denying Credit Archives
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Apr 2
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Mar31
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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,...
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Mar24
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The toughest question your customer will ever ask you…and how to answer it without getting into trouble.
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...
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Feb21
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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...
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Feb20
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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...
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Oct19
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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...
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