Credit Limit Advice
Decide that your new customer has the following three qualifications before you extend them credit.
- The financial resources to pay you back
- A history of paying their bills
- A credit limit
We can help you with all three of these points.
We will give to you and help you evaluate the following points.
- Does your customer use a Fictitious Business Name?
- What, when and how current is their Corporate Registration?
- Do they have a good credit and payment track record?
- What is their banking, insurance and leasing relationships?
- Do they have collections, judgments, tax liens, bankruptcies?
- How many and how recent are their credit inquiries?
- What is their Uniform Commercial Code (UCC) detail?
Once all of these points are clear we can then make a Credit Limit Recommendation.