Do you know where
your money is?
Get your Credit Risk Assessment at
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DEBTORS SAY THE
DARNDEST THINGS!
By Andrea Schack & Bobbie Burch
While being owed money isn't a laughing matter, sometimes you just cannot help yourself. Some excuses are not just monumentally funny...
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DON'T LET YOUR PROFITS GO UP IN SMOKE
By Benjamin Kelly
A cash-only business presents several risks for credit-issuers. Cash is very difficult to locate relative to other types of assets.
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GOOD POLICY MAKES FOR BETTER PROFITS
Business stability and viability is not static ---ALL things change!
The sooner your Credit Manager can identify changes the better prepared you are to take appropriate action therefore a regular schedule where ALL customers are required to update their credit application is highly recommended. This is also the one of the best and most cost-effective ways to identify credit risks before they become profit drains.
PICB recommends that credit applications should be renewed annually which includes a re-statement of your terms and conditions.
To help the process PICB has prepared a simple letter that can be sent to your customers along with your blank application, just click on the below link and download this to your computer, then you may make any changes you deem necessary.
Remember, the application is not where it ends - Once done, if there are changes the facts should be reviewed again as well -- PICB's provides a discount for CRA -Rechecks.
Download Credit Application Renewal Notice
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Printing Industry Credit Bureau got it right...
Our vast array of resources, knowledge, and experience are here to protect Printers from losses associated with criminal activities such as described in the below fraud alert from the US post Office.
This is the same report alert that has been announced for so many months on PICB Credit Tips Newsletter.
The US Post Office, US Law Enforcement and the Royal Canadian Mounted Police are working to get the responsible parties behind bars.
Meanwhile... You should be careful!
If you are the victim or know of a potential victim contact the Postal Inspector Matt Schmitz at [email protected].
If you have any questions or concerns regarding this matter please contact Andrea Schlack at [email protected] or 847- 265-0400.
"Diligence is the mother of good luck."
-Benjamin Franklin
If you would the link to the US Post Office Alert on our website, please
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