Setting Credit Limits

Topics:
Credit and collection,
Credit Management
Tags:
Credit Guru,
Decision
Source:
Credit Guru

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Overview: Like most elements in credit management, setting 'Credit limits' is an art and not a science of granting credit. There are seasoned credit professionals that have used and relied merely upon their gut feeling to grant credit limits. However, it is always better to take a 'calculated' risk than base your decision purely on gut feeling! Credit limits have also known to upset customers. Thus, the decision to communicate credit limits to your customers rests upon you. It has its advantages and disadvantages.

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Format: HTML | Date: Jan 2009 | Pages: 4

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