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What is Credit Control and How to be a better Debt Collector

Debt Recoveries

Establishing credit terms, assessing creditworthiness, generating bills, and keeping track of past-due payments are all part of it. To guarantee that everyone is on the same page with regard to payment expectations, clearly explain these terms to your consumers through written agreements or terms of trade documentation.

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How to Remove a Cosigner From a Car Loan and Title

Credit Corp

This involves applying for a new loan based on your creditworthiness and income, which can be challenging if your financial situation has changed since the original loan was taken out. When trading a car in to purchase a new one, the auto dealer determines how much it will pay for your current car.

Loans 52
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How to get your invoices paid faster as an automotive and transport entrepreneur

On Guard

A dealer who sells passenger cars usually receives the sale amount after 23 days, while the trade in heavier commercial vehicles must wait no less than 40 days for payment. Check the creditworthiness. It can be useful to check the creditworthiness of (new) customers. But the differences are big. Tailored dunning.

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12 Ways to Improve Your Business Credit Score

Nexa Collect

Similar to a consumer’s credit score, a business’s credit score represents its creditworthiness. The number of trade experiences is a driving force behind achieving a good business credit score. Trade credits are loans extended in B2B agreements between a supplier and a business, based on a buy-now-pay-later arrangement.

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Credit risk management: dynamic data and the right credit management strategy are key

On Guard

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. In addition, you can have the creditworthiness examined by a professional agency. Consider customer scoring – A system to assess the creditworthiness of customers can help reduce credit risks.

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Credit risk management: dynamic data and the right credit management strategy are key

On Guard

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. In addition, you can have the creditworthiness examined by a professional agency. Consider customer scoring – A system to assess the creditworthiness of customers can help reduce credit risks.

article thumbnail

Credit risk management: dynamic data and the right credit management strategy are key

On Guard

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. In addition, you can have the creditworthiness examined by a professional agency. Consider customer scoring – A system to assess the creditworthiness of customers can help reduce credit risks.