Are you considering extending credit to a customer?
Do you want to prevent collection headaches?
You may want to examine these factors:
Past transactions: Their history with you is spotty or outright bad – maybe the owners have lied, paid late, or bounced a check.
Days sales outstanding (DSO): DSO gives you quick insight into how a customer manages their cash flow and how long you’re likely to have to wait for payment.
Bankruptcy: Extending credit to customers who have filed bankruptcy but are allowed to continue in business is very risky. Don’t forget, the customer wouldn’t be in bankruptcy if they didn’t have serious financial problems.
Learn more factors that determine credit-worthiness on our website!
In Need of Collection Services in Michigan?
Has one of your high-risk customers become a debtor? We can help! With offices in Birmingham and Grand Rapids, we handle claims against debtors located in Michigan, even if you are located out of state or out of the country.
Fill out the information on our “Contact Us” page or give us a call at 248-645-2440 for collection services in Michigan.
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