2. Start with a credit policy – Be upfront.
Before you extend that trade credit to your customer or client, be sure that they understand your credit policy – up front – no surprises. When both parties know what the arrangement is before any commerce occurs, then you both have valid expectations and no surprises downstream. The best scenario is that your credit policy is in writing, and clearly laid out and that your customer or client has a copy.
If you are looking to get your money back and make recalcitrant clients pay, contact one of our expert commercial debt collectors.
Owed money by another business? Call (804) 346-0302 ext. 222 or see our rates.