Standardize Credit Policies and Proceedures

SETTING CREDIT GUIDELINES POLICIES & PROCEDURES

• With our experience, millions of trade references ,information on collections, judgments, bankruptcies, tax liens, Ucc’s and corporation information on businesses and their owners, we can help you set credit guidelines, policies and procedures.
• Our credit expert can help you develop and maintain credit policies and procedures.
• We can help you set policies that will standardize your credit decisions.
• Proper guidelines and procedures will help you identify risks and opportunities in your portfolio.
• We can help to train your staff to make good credit decisions.
• Develop front end inquiry and back end review processes.
• Make quick and accurate decisions.
• Streamline new account and the credit applications processes
• Have a cost effective and efficient credit department.

EXAMPLE OF A CREDIT POLICY

• Approve all accounts with an Intelliscore rating of 75 or better.
• Pull Intelliscore Report thru the internet on all accounts $500 to $4999.
• Pull Business Profile Report plus Intelliscore on all accounts over $5000.
• Pull Public Record Reports on all accounts over $25,000.
• Pull Business Owner Profile Report on all proprietors and personal guarantees.
• Check Weekly Warning List for potential Bad Debts.
• Get Personal Guarantees on accounts with limited or poor credit activity.
• Pull Intelliscore on accounts 90 days past due to determine collection placement.
• Always pull Business Profile Report on accounts with Legal Filings.
• Use Collection Priority Report to determine priority collection call list.
• Report all bad debts to Experian.