Tag Archives: Credit Policy

Creative Credit Policies in an Economic Down Turn

Posted by on December 13, 2011 at 4:46 pm.

We find ourselves asking different types of questions like “How can we” instead of “Who should we.”
Our education and experience tell us that as creditors and collectors, we can’t have a lenient credit and collection policy. Credit policies and procedures should be stringent and well researched. There must be a careful evaluation of a company’s ability to pay back the amount of credit we have entrusted to them.

The Importance of Credit Policy

Posted by on June 1, 2011 at 8:39 pm.

By Susan Archibeque, CCE, Nicholas & Company We literally changed our “credit culture” from one of finger pointing to one of teamwork and commitment. When asked to write an article on the importance of having a good credit policy, I jumped at the chance. I experienced firsthand how a good policy can assist in effectively [...]