Commercial Credit Application: How To Construct A Meaningful One.
- Topics:
- Credit and collection
- Tags:
- Credit Guru,
- Finance,
- Financial Accounting,
- Financial Planning,
- Financial Statement,
- Financial Statements,
- Sales,
- Sales Force Management,
- Sales Strategy
- Source:
- Credit Guru
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Overview: Request for credit generally begins with the completion of a Credit Application. This information in most cases is procured by the Sales Representative for the Credit department to make decisions in setting the credit terms and conditions. It is a direct source of information and its quality and dependability is directly proportional to the quality of interview with the subject. The application also extends the information gathering process by seeking the applicant's Bank and other Trade references. The application can also request financial statements. Financial statements can contain inaccuracies or questionable information but it also helps in corroborating information provided by the applicant on the credit application or through the Sales representative.
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Format: HTML | Date: Jan 2009 | Pages: 3
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