Granting credit
Shell B
Registered Posts: 95 Regular contributor ⭐
Hello
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
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
0
Comments
-
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.Sandy
sandy@sandyhood.com
www.sandyhood.com0 -
Hi
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.0
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