How to Write a Credit Policy for Your Business

Home
>
Small Business
>
How to Write a Credit Policy for Your Business

How to Write a Credit Policy for Your Business

The book, "Become the Squeaky Wheel," by New Hampshire author Michelle Dunn, says the different ways people use and extend credit makes or breaks your credit policy and bottom line, which could result in less or more sales and money for your business.

"Business owners all have different types of businesses but can all extend credit," explains Michelle Dunn. "So it should only make sense that no two credit polices can be the same."

Dunn explains that one major difference is if you have a service or retail business. Your credit policy should use multiple facets to cater to prospective customers but also protect the business owner.

"You are limited in what you can and can't ask a prospective customer in order to extend them credit," says Dunn. "Business owners need to be aware of what these questions are and what the laws are before they create their credit policy." Your credit policy helps to filter customers so you don't have to spend your time chasing your money. Your best policy will be short, easy and to the point, it will avoid long-winded statements and a lot of legal or big words. Always create your forms with the reader in mind, the easier and clearer the better.

Michelle Dunn has over 17 years experience in credit and debt collection. She is the founder of Never Dunn Publishing, LLC, is a writer, consultant and the Editorial Advisor for Eli Financial Debt Collection Compliance Alert Newsletter. Michelle started M.A.D. Collection Agency and ran is successfully for 7 years. She also owns and runs Credit & Collections.com an online community for credit and business professionals.

She has written 5 books in her Collecting Money Series. She is currently writing a book for the Streetwise Series, part of the Adams Media Corporation. In addition to writing and marketing her books, Michelle moderates and runs Credit & Collections.com and was a member of The American Collectors Association for 9 years. Visit http://www.michelledunn.com or http://www.credit-and-collections.com for more information on any of Michelle's books or services.

In The News:

Suspect arrested over deadly mass shooting at Fourth of July parade
Tue, 05 Jul 2022 00:43:00 +0100
The man suspected of killing at least six people and seriously injuring more than 30 at a Fourth of July parade in Chicago has been arrested, police have said.

Hit, hit, hit, destroy: Russia's terrifying tactics set to ensure control of the Donbas
Mon, 04 Jul 2022 19:04:00 +0100
Russian troops are ratcheting up their efforts to secure full control of the entire Donbas area in eastern Ukraine - and from what we have witnessed, there's very little which is going to stop them right now.

Tennis star Nick Kyrgios charged with common assault
Tue, 05 Jul 2022 12:01:00 +0100
Tennis star Nick Kyrgios has been charged with assaulting his former girlfriend, media in Australia has reported.

Dozens rescued as 50,000 people face evacuation amid severe floods in Australia
Tue, 05 Jul 2022 11:18:00 +0100
Dozens of people have been rescued overnight in the Sydney area, with about 50,000 residents facing evacuation amid severe flooding in Australia.

Families need boats to leave home as deluge of floods hits Sydney
Tue, 05 Jul 2022 14:39:00 +0100
The scale of the flooding crisis unfolding around Sydney is on another level.

tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.