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Mountain States Commercial Credit Management – elevated credit and collection services since 1988. Call us to improve your cash flow.    800-457-8244

Archive for the ‘Credit Management’ Category

Does Bankruptcy Mean Automatic Denial for Extending Credit?

Thursday, January 9th, 2020

When businesses extend credit to commercial buyers, they are assuming a certain amount of risk, which is mitigated through sound credit risk management policies. Regardless of how diligent your credit approval processes are, you will inevitably have businesses that fall on challenging times and into bankruptcy. Refusing to extend credit to a business going through…

Choosing the Right Credit Management Partner

Thursday, May 30th, 2019

Does your company offer lines of credit to customers? Being able to conduct business by providing customers with credit options opens your company to important opportunities for better business relationships, cash flow, and growth. But that’s only if your credit accounts stay in good standing. If they don’t, your business could experience major financial turmoil….

Your Credit Policy Is Important — Get It in Writing

Thursday, May 16th, 2019

A business’s credit policy is an essential guide for how the business manages credit risk. However, if you don’t document your policy clearly, different people may understand or apply it differently — which can lead to confusion, inconsistency, and even legal problems. Here are some tips for creating an effective credit policy for your business….