A QUICK GUIDE TO IMPROVE CREDIT & COLLECTION PROCEDURES
 
         

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A QUICK GUIDE TO IMPROVE CREDIT & COLLECTION PROCEDURES

 

1. Refer accounts for collection before it is to late

2. Know your customers individually

3. Keep your credit records current

4. In periods of concern tighten credit & collection policies

5. Try to discourage extend payment terms

6. Pursue partial payments with requests for the balance

7. Shorten your collection & credit schedule

8. Keep your lines of communication open

9. Try to resolve disputes quickly

10. Don't assume that client's know your credit policy

 

 

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