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Setting Up a Credit Policy

You have decided to extend lines of credit to some of your customers, you will need to set up a credit policy that is crystal clear and then you have to follow it to the letter.

1. Research your competition’s policies.

It is a competitive business environment and flattery might be the best kind of compliment. How is your competition delivering credit to their customers? If possible, match what they are offering or do even better.

Your credit policy may be a tool that your business can use to increase sales but unfortunately, even the best of credit policies are not always enough to stop some debtor’s accounts from going delinquent. When this happens, you need a creditor’s rights attorney who will work hard on your behalf.

The creditors’ rights attorneys at Taroff & Taitz, LLP are experienced in a wide range of creditors’ rights practice. We believe that all creditors are entitled to some basic rights. You are the one who offered the credit, you deserve to get it back! Contact Taroff & Taitz, LLP today.

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