Setting Up A Credit Policy
Put Your Credit Policy In Writing
When you put your credit policy in writing make sure that is clear and concise as this can help you to get paid as well as to stay in business. Due to today’s litigious society, it is virtually impossible to conduct business with a simple handshake, as was done in the good old days. By putting your credit policy in writing, you help to clarify your responsibilities, as well as the responsibilities of your customers. A written and executed credit policy lets your customers know that even though you have extended them credit, you aim to be repaid in full.
While a written, as well as online, credit policy may not be the magic that turns every customer into a responsible and paying citizen, it establishes your expectations in black and white. When your customers fail to meet the expectations outlined in the written credit policy, it may be time to contact a creditor’s rights attorney, such as the firm of Taroff & Taitz, LLP. Taroff & Taitz, LLP believe that creditors have rights, and they will work with you and for you to help recover the credit that you have extended to those who fail to follow the credit policy that you put in writing. They represent a variety of lenders, in various stages of collection. Contact Taroff & Taitz, LLP today to start taking back what is owed to you.