When Should Receivables be Placed for Collection with an Outside Collection Specialist or with in House Counsel?

accounts-receivable-cartoonIf a company is funded by a bank or other lender, the answer when to use a collection attorney is clear. There is an expectation by the lender that  in order for the lender relationship to continue receivables are to be collected within 60 or 90 days. Continue reading “When Should Receivables be Placed for Collection with an Outside Collection Specialist or with in House Counsel?”

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Credit Applications: More Than Just a Form

2301396_15ab2800Credit applications. What may come to mind are the stacks of endless forms or repetitive on-line applications. Lengthy requirements to be completed before a lender would consider a request for a line of credit or financing.

When asked to sell on terms, you make credit decisions. Without specific information about your prospective customer, it is impossible to make a sound decision in accordance with your credit policy. The best way to gather the customer’s information is in a written credit application tailored for your business and information gathering needs. Continue reading “Credit Applications: More Than Just a Form”

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