Author: Glenn Blackman
Website: http://www.cashflow-acceleration.co.uk
Added: Thu, 03 Jul 2008 10:07:24 -0500
It's something every business has to face sooner or later: what to do when customers pay late, or not at all. However, a good system of credit control will help safeguard your business from the menace of late payers. Here are ten top tips for effective credit control.
1.Understand the customer's payment process and procedures, for example if you know the date that they undertake their monthly cheque run you can time your statement accordingly.
2.Consider "pre-dunning": calling the customer before payment is due to confirm that your invoice has been received and that there are no reasons for non payment.
3.Establish a systematic approach to issuing statements, sending chasing letters (which gradually become firmer) and calling the customers.
4.Keep copies of any correspondence and notes about telephone conversations. Confirm conversations in writing and if possible gain the customer's written agreement to any payment promises.
5.Try to call back and speak to the individuals concerned rather than leaving messages on answer machines.
6.Consider other methods of contacting debtors, for example text messages to mobile numbers or email and fax.
7. Always remain calm but assertive on the telephone. 8.Follow up promptly on any broken promises of payment.
9. Shorten the process by emailing or faxing documents rather than posting.
10. If necessary consider stopping further deliveries once invoices are overdue.
The field of credit management is vast. Although not comprehensive, if you abide by these top credit control tips you’ll have a good chance of avoiding the problems caused by late payers. Many businesses have in-house credit control staff, but there are alternatives.
For example, factoring companies specialise in out-sourcing such services for their clients. They have specialist staff who undertake the collection of your sales ledger for you and in many cases this can be achieved with cost savings. The cost of factoring should be weighed against the cost of recruiting specialist staff or handling the task yourself.
It's also possible to receive credit insurance (non recourse, bad debt protection) which can eliminate the need for you to worry about which customers are credit worthy. The factoring company will research the customers' standing for you and grant an insured credit limit for each customer.
Article Source: http://www.debtfinancearticles.com.
วันจันทร์ที่ 7 กรกฎาคม พ.ศ. 2551
The Simple Way to Repair your Credit
Author: Jason Harvey
Website: http://www.creditrepairfacts.com/
Added: Mon, 09 Jun 2008 05:20:19 -0500
There are several ways that you can take for changing your bad credit score. You will find thousands of agencies out there in the place as they would eagerly offer you help to repair your credit score. But trusting these credit repair agencies are sometime cost you just like any thing. Many agencies will assist you not to deal with the creditors or the collection agencies for your own; the credit repair agency would represent them on behalf of your side.
You will be glad to knowing that Federal Trade Commission issued lately saying with the purpose of no credit repair agency can remove exact items from your report for a charge.The agencies could take any suitable steps to address any kind of visible issues such as miscalculation, misinformation, misreporting. You could also contact an Attorney who deals with credit or any kind of financial issues to help in setting up your bad credit score.
You have to feel very confident while dealing with an attorney because the attorney will only help you to repair your bad credit score which are sometimes more expensive for you to afford. No body can lawfully remove exact and timely negative information from your credit report. Credit repairing is needed for any human being as the credit records extensively influence your future purchasing power and your eligibility of getting any credit facilities in the future. A fine rating, or good score, can insure a little interest rate and loans for longer term for various purposes like home loans, credit card or car loans. A poor rating makes you weaker to finance companies charging very expensive interest rates and imposing different unnecessary repayment and loan terms.
Bearing in mind the risks and the importance involved, it is extremely essential so that you could understand the significance of repairing the bad or low credit ratings. Credit repair can only be done by the course of financial obedience and firm work it is the easiest way to pull you out of bad credit history, but you may face some financial difficulties in the future. Bad credit history are due to situation which is beyond your control, and if you are able to improve your credit records. Only creditor’s can take request to improve credit rating because of logic of your faithfulness. Sometimes the creditor’s doesn’t believe on you if you default to pay your debts, therefore it is difficult to obtain new credit.
But if you promise to pay your payments regularly then it can improve within few years. The most important aspect in credit repair is distinguishing the legal and practical decision available, recognizing what is the scams, and make a distinction among two. Your Poor credit history can make it very difficult for you to get hold of supplementary lines of credit making you falls victim to several wrong programs which can target you with less- than an ideal credit. There are no fast ways to fix your credit repair. Because others don’t know your credit history better than you.
As contacting with credit bureaus, it is better for you to make your own modification, and merge your debts and make a budget; only you can improve your own credit score. You don't require someone to pay for fixing your credit score for you. It would be better for you to apply that money toward emancipation.
Article Source: http://www.debtfinancearticles.com.
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How Do Gas Credit Cards Work?
Author: Aaron Alderson
Website: http://www.gascardsusa.com/
Added: Thu, 03 Jul 2008 09:37:28 -0500
Are you familiar with cash back cards? If yes, then gas cards are similar to cash back cards. Whenever you purchase fuel using your gas card you get a rebate of some percentage that is offered by the credit card company that may be given to in cash or gift cards. The percentage that is being used depends on the credit card company from which you applied your gas card from.
But there are some credit card companies that use the point system. It works like this, for example you had to fuel up your car and you used your gas card so every time you use your gas card in fuelling you earn certain points. These points vary on how much you spend filling up your tank. To better understand how these gas credit card works, here are some examples on how gas credit card works according to the credit card company. Discover® Open Road (SM) Card, it gives you a 5% cash back bonus on refueling and other maintenance purchases that you do. So if you gas up $100 you can save up $5 every time you refuel your gas. Citi CasgReturns (SM) Card, will give you 20% bonus on the cash back that you have earned in all your purchases for the first 12 months that you have used it. Once you earn $50 a check will be sent directly to you.
No need to call them or them calling you the check will be sent automatically to you once you have reached $50. Chase PerfectCard™ MasterCard®, for the first 90 days it will offer you 6% rebate on all gas purchases at any gas station. After the 90 days time it will offer you the 3% rebates on all gas purchases at any gas station. The rebate on your card will be automatically be forwarded on your card for future purchases made on your card. Citi® Professional (SM) Cash Card, offer you a 3% cash back on fuel purchases. Blue Cash® for Business Credit Card, gives you 5% cash back on all purchases, has no limit on the cash back you can receive. The Chase Business Rebate Card, for every fuel purchase you get a 3% cash back on your credit card. Discover® Business Card this offers you 2% rebate on every purchase of fuel, it may be a small amount but if you sum it up later on it will accumulate to a big amount of money.
Discover® Open Road (SM) Card for Students, here, students can build their credit history plus they get 5% cash back on fuel services and other auto maintenance. Discover® Student Card - Clear, this gives the students 5% cash back plus it has an unlimited cash rewards that is given automatically. The cash back bonuses can be used by students when shopping online. Citi® Driver's Edge® Card for College Students, gives 3% cash back, rebate is given on any car be it new, old or used. As you can see each gas card works specifically depending on the kind of credit card that you are using. For more info see: Gas Credit Cards
Article Source: http://www.debtfinancearticles.com.
Website: http://www.creditrepairfacts.com/
Added: Mon, 09 Jun 2008 05:20:19 -0500
There are several ways that you can take for changing your bad credit score. You will find thousands of agencies out there in the place as they would eagerly offer you help to repair your credit score. But trusting these credit repair agencies are sometime cost you just like any thing. Many agencies will assist you not to deal with the creditors or the collection agencies for your own; the credit repair agency would represent them on behalf of your side.
You will be glad to knowing that Federal Trade Commission issued lately saying with the purpose of no credit repair agency can remove exact items from your report for a charge.The agencies could take any suitable steps to address any kind of visible issues such as miscalculation, misinformation, misreporting. You could also contact an Attorney who deals with credit or any kind of financial issues to help in setting up your bad credit score.
You have to feel very confident while dealing with an attorney because the attorney will only help you to repair your bad credit score which are sometimes more expensive for you to afford. No body can lawfully remove exact and timely negative information from your credit report. Credit repairing is needed for any human being as the credit records extensively influence your future purchasing power and your eligibility of getting any credit facilities in the future. A fine rating, or good score, can insure a little interest rate and loans for longer term for various purposes like home loans, credit card or car loans. A poor rating makes you weaker to finance companies charging very expensive interest rates and imposing different unnecessary repayment and loan terms.
Bearing in mind the risks and the importance involved, it is extremely essential so that you could understand the significance of repairing the bad or low credit ratings. Credit repair can only be done by the course of financial obedience and firm work it is the easiest way to pull you out of bad credit history, but you may face some financial difficulties in the future. Bad credit history are due to situation which is beyond your control, and if you are able to improve your credit records. Only creditor’s can take request to improve credit rating because of logic of your faithfulness. Sometimes the creditor’s doesn’t believe on you if you default to pay your debts, therefore it is difficult to obtain new credit.
But if you promise to pay your payments regularly then it can improve within few years. The most important aspect in credit repair is distinguishing the legal and practical decision available, recognizing what is the scams, and make a distinction among two. Your Poor credit history can make it very difficult for you to get hold of supplementary lines of credit making you falls victim to several wrong programs which can target you with less- than an ideal credit. There are no fast ways to fix your credit repair. Because others don’t know your credit history better than you.
As contacting with credit bureaus, it is better for you to make your own modification, and merge your debts and make a budget; only you can improve your own credit score. You don't require someone to pay for fixing your credit score for you. It would be better for you to apply that money toward emancipation.
Article Source: http://www.debtfinancearticles.com.
-------------------------------------------------------------------------------------
How Do Gas Credit Cards Work?
Author: Aaron Alderson
Website: http://www.gascardsusa.com/
Added: Thu, 03 Jul 2008 09:37:28 -0500
Are you familiar with cash back cards? If yes, then gas cards are similar to cash back cards. Whenever you purchase fuel using your gas card you get a rebate of some percentage that is offered by the credit card company that may be given to in cash or gift cards. The percentage that is being used depends on the credit card company from which you applied your gas card from.
But there are some credit card companies that use the point system. It works like this, for example you had to fuel up your car and you used your gas card so every time you use your gas card in fuelling you earn certain points. These points vary on how much you spend filling up your tank. To better understand how these gas credit card works, here are some examples on how gas credit card works according to the credit card company. Discover® Open Road (SM) Card, it gives you a 5% cash back bonus on refueling and other maintenance purchases that you do. So if you gas up $100 you can save up $5 every time you refuel your gas. Citi CasgReturns (SM) Card, will give you 20% bonus on the cash back that you have earned in all your purchases for the first 12 months that you have used it. Once you earn $50 a check will be sent directly to you.
No need to call them or them calling you the check will be sent automatically to you once you have reached $50. Chase PerfectCard™ MasterCard®, for the first 90 days it will offer you 6% rebate on all gas purchases at any gas station. After the 90 days time it will offer you the 3% rebates on all gas purchases at any gas station. The rebate on your card will be automatically be forwarded on your card for future purchases made on your card. Citi® Professional (SM) Cash Card, offer you a 3% cash back on fuel purchases. Blue Cash® for Business Credit Card, gives you 5% cash back on all purchases, has no limit on the cash back you can receive. The Chase Business Rebate Card, for every fuel purchase you get a 3% cash back on your credit card. Discover® Business Card this offers you 2% rebate on every purchase of fuel, it may be a small amount but if you sum it up later on it will accumulate to a big amount of money.
Discover® Open Road (SM) Card for Students, here, students can build their credit history plus they get 5% cash back on fuel services and other auto maintenance. Discover® Student Card - Clear, this gives the students 5% cash back plus it has an unlimited cash rewards that is given automatically. The cash back bonuses can be used by students when shopping online. Citi® Driver's Edge® Card for College Students, gives 3% cash back, rebate is given on any car be it new, old or used. As you can see each gas card works specifically depending on the kind of credit card that you are using. For more info see: Gas Credit Cards
Article Source: http://www.debtfinancearticles.com.
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