{"id":3163,"date":"2017-08-02T19:52:24","date_gmt":"2017-08-02T19:52:24","guid":{"rendered":"https:\/\/picb-us.com\/?p=3163"},"modified":"2023-08-14T20:38:51","modified_gmt":"2023-08-14T20:38:51","slug":"fishy-tales-august-2017","status":"publish","type":"post","link":"https:\/\/picb-us.com\/fishy-tales-august-2017\/","title":{"rendered":"Fishy Tales – August 2017"},"content":{"rendered":"

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FISHY TALES<\/span><\/h2>\n

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Have you ever wandered around in the darkness, in a new house, or a new place, looking for the bathroom, only to stub your toe on some object that you didn’t see coming? This is what it feels like for companies that have not taken the time to create a strong credit and collection policy. Instead of wandering around in the dark, let PICB help you flip the switch and<\/p>\n

SEE THE LIGHT<\/u>!<\/em><\/strong><\/span><\/p>\n

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L<\/strong><\/span>END ACCORDINGLY<\/h2>\n

Credit Applications are your first chance to analyze your customers Risk v. Reward. All credit applications should require information above and beyond an address. One of the most common mistakes vendors make is not asking for enough information on the customer’s applications. Have a space on the application for affiliated companies, landlord information (if rented) for verification of address, trade references and bank account information for the purpose of verification, but above all else: MAKE SURE THE POTENTIAL CUSTOMER PROVIDES THEIR FEDERAL TAX ID!<\/em><\/strong> Only with the FEIN can you verify, with certainty, the customer you are entering into an agreement with.<\/p>\n

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I<\/strong><\/span>NVESTIGATE<\/h2>\n

Once your customer has provided you with details of their operation it is now time to investigate. All states provide corporate entity information, usually through the secretary of state, for the purpose of researching companies for their corporate status, principals, and length of time in business. Verify that your customer is a viable entity to enter into a credit agreement with. Check with the city and the county to verify licensing requirements. Research the principals to determine if there are affiliates. Call the state’s Department of Revenue to verify the Federal Tax ID #. Check for court records through the county and state. Contact the recorder’s office for tax liens, mortgages, and deeds. In most states, the Secretary of State’s office is responsible for providing and maintaining secured liens (UCC Filings), and the information is available to the public.<\/p>\n

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G<\/strong><\/span>ET IT IN WRITING<\/h2>\n

This one is simple. Keep yourself out of the darkness by requiring signed documentation on any and all paperwork. The credit policy should have an authorized signature from your potential customer, at the very least, for the purpose of bank verification as most banks will not release information without a signature. Any credit agreement, post application, must be more than a handshake and a verbal commitment. Get the terms of the agreement in writing and Get Paid!<\/p>\n

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H<\/strong><\/span>AVE A PLAN READY<\/h2>\n

What is your company going to do when an account goes delinquent? What steps are taken before the account is sent to collections. Which accounts should be pursued through the courts and which accounts need to be written off as bad debt. What happens when a settlement is offered. How does your company deal with a customer filing bankruptcy. Never be caught in the dark looking for a bathroom. HAVE A PLAN!<\/strong><\/p>\n

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T<\/strong><\/span>RUST YOUR POLICY<\/h2>\n

If you’ve taken the time to create a comprehensive credit application, investigated the information, have signed agreements, and know what to do in the event of default, you can trust your policy to work for you. Extending credit does not need to be scary. Don’t be afraid to flip the switch and turn on the LIGHT!<\/em><\/strong><\/p>\n

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If your company needs Collections, Credit Risk Analysis, Credit Policy forms, or advice on how best to proceed through litigation, contact PICB and never wander in the dark again!.<\/p>\n<\/blockquote>\n

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SHARE WITH US YOUR MOMENT OF CLARITY<\/strong><\/span><\/h2>\n

What credit situation made you see the LIGHT<\/span> ?<\/strong><\/span><\/h2>\n

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See Fish Tales Prize\u00a0Rules<\/em><\/span><\/p>\n

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FISHY TALES PRIZE RULES -2017<\/b><\/span><\/p>\n

There are no scales or hooks necessary, and you do not need fins or even an ability to swim to win. <\/span>
\n Who is eligible? — <\/b>Anyone and everyone except employees of Professional Credit Management Associates, Inc. dba Printing Industry Credit Bureau and Checkitco Company (PICB), along with their children and\/or relatives, may enter to win.<\/span><\/span>
\n When does this promotion end? <\/b>Each month there will be a new Fishy Tale challenge posed to subscribers of PICB\u2019s Where\u2019s the Money Newsletter. PICB may end this challenge at any time and without notice.<\/span><\/span>
\n WHAT IS THE PRIZE?<\/b> Free Credit Risk Assessments worth $85.00 provided each month, and a one-time monetary prize of $500.00 awarded to the one respondent who won the most CRAs from Jan. 2017 \u2013 Nov. 2017. <\/span><\/span>
\n WHAT IS CRA? <\/b>CRA <\/i><\/b>\u2013 PICB\u2019s unique report is intended for credit grantors to use in support of making wise credit choices and is built using current records filed with various governmental agencies and are available under \u2018Public Records\u2019. PICB purchases no existing report to re-sell it, We actually do the old fashion method of real time research using the 21<\/span>st<\/span> century modern tools. <\/span><\/span>
\n HOW DOES THE GAME WORK? \u00a0<\/b>The answers to the challenge are speculative – there is no <\/span>one<\/span> correct answer, therefore the winners will be those first 3 respondents who provide a \u2018solution\u2019 and meet the eligibility requirements as stated above. <\/span><\/span>
\n HOW DO I SUBMIT MY SOLUTION? <\/b>Post your answer directly on the Newsletter \u2018answer box\u2019, make sure and identify your name and company name, we will then notify you if you were one of the first 3 respondents via email and award you your Fishy Tale redemption coupon. <\/span><\/span>
\n WHEN CAN I REDEEM THE COUPON? <\/b>Anytime by submitting a CRA request, make sure and provide your redemption coupon at the time of submission and we will provide you the requested report.\u00a0<\/span><\/span>CRA redemption coupons may not be claimed for the cash equivalent. <\/span>
\n WHEN WILL THE GRAND PRIZE BE PAID OUT? \u00a0<\/b>$500.00 will be paid to the individual or company who has entered the most winning challenge answers between Jan. 2017 thru Nov. 2017 and the cash prize will be paid prior to December 31<\/span>st<\/span>, 2017<\/span><\/span><\/p>\n

\u00a0<\/span>For more information contact PICB at 847\/265-0400 or CRA@Checkitco.com<\/b><\/span><\/p>\n

[\/vc_message][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row full_height=”yes” columns_placement=”stretch” equal_height=”yes” css=”.vc_custom_1501703509236{background-position: 0 0 !important;background-repeat: repeat !important;}”][vc_column][vc_column_text] FISHY TALES [\/vc_column_text][vc_column_text][\/vc_column_text][vc_empty_space][vc_column_text css=”.vc_custom_1502744583761{background-position: 0 0 !important;background-repeat: repeat !important;}”] Have you ever wandered around in the darkness, in a new house, or a new place, looking for the bathroom, only to stub your toe on some object that you didn’t see coming? This is what…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/3163"}],"collection":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/comments?post=3163"}],"version-history":[{"count":18,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/3163\/revisions"}],"predecessor-version":[{"id":9699,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/posts\/3163\/revisions\/9699"}],"wp:attachment":[{"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/media?parent=3163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/categories?post=3163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/picb-us.com\/wp-json\/wp\/v2\/tags?post=3163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}