Make sure you have a corporate credit policy in place to update your debtors’ credit applications annually or, at the very least, if and when they request an increase in credit. Companies are often changing names, locations, banks, officers (just to name a few) and, as their creditor, it’s critical to have accurate and current information on hand. Then, in the event your customer defaults on payment, you’ll have a reliable and up-to-date credit application to aid in your collection success!
Struggling with slow paying customers? Need assistance in your collection efforts? Contact NCS today & let us help get you paid!