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Creating Credit Terms for Customers

PDC Flow

Some considerations that will help your company improve terms of credit: Creditworthiness Establish what parameters your business will follow to decide a customer is creditworthy. The software used, customers served and even an organization’s size can change how and when to offer credit to customers.

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How TrueAccord Embraces Machine Learning to Create Positive Consumer Experiences in Debt Collections

True Accord

Unlike traditional collections, we do not use demographic data like age, zip code, or creditworthiness to personalize the experience. A construction worker has a very early start to their day, may prefer to check messages at the end of the day. Because of all of this, we have something that is very hard for anyone to imitate.

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The Power of Amortization for Small Businesses: Unlocking Financial Stability

Burt and Associates

Lower Risk of Default Structured repayment schedules reduce the likelihood of falling behind on payments, protecting your creditworthiness. Example : A construction company amortizing the cost of a new excavator ensures the machine generates revenue while its cost is gradually paid off.

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