Granting credit

Shell B
Shell B Registered Posts: 95 Regular contributor ⭐

just revising for the 2nd section on credit management and i keep coming across this question and i my mind keeps going blank.

When refusing a company credit what suggestions can you give to help them improve there chances of credit being allowed in the future??????

Thanks for your help in advance

Shell B


  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
    Put in the context of your personal credit.

    How might you obtain credit in future if you were turned down?

    What sorts of things might lead to you (or a company) having a credit application refused?

    So look at those things, and then say what could turn a refusal into an acceptance.
  • Paisley
    Paisley Registered Posts: 93 Regular contributor ⭐

    Some useful advice in the Osborne book:

    Sending a diplomatic and tactful letter explaining the situation.

    Offering to trade on a cash basis for now, and to review the situation again in six months time when their latest accounts could be viewed.

    Offering half-way house credit - shorter credit periods than 30 days or by offering payment using a percentage of cash and a percentage of credit.

    Good luck with your assessment. I have this one soon too.
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