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.
Tag Archives: Credit Policy
Creative Credit Policies in an Economic Down Turn
The Importance of Credit Policy
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 [...]
