4 Common Mistakes to Avoid When Extending Credit
Having trouble collecting your delinquent accounts receivables or loans? Regardless whether you are a company or an individual extending credit, what you need to do is have a process in place to carefully manage your credit. This article explains 4 common mistakes to avoid when extending credit. Avoiding these mistakes can help you avoid and/or collect bad debts. Mistake 1–Not Doing Research on Your Debtor before Extending Credit If you are extending credit to a business, see whether the business is legitimate. To operate a legitimate in Maryland or Washington, DC, business, licensing and registration are required. Both Maryland or Washington, DC host websites where... Read More