Extending credit to your customers can be a boon to your business, but only if you do it wisely.
Being a creditor is easy, as long as your customers are paying. When they stop paying, the hard work begins.
Business owners can use a number of strategies to spot bad credit trends and handle customers who appear to be having difficult times.
If you don't report delinquent customers, their poor payment histories won't show up on their credit reports and other businesses will risk extending credit to a deadbeat company.