Tag Archives: bad credit

Most people think checking credit alienates customers, but the real truth is you will make more money.

Most people I talk with think that if they ask new or potential customers to fill out a credit application or sign a contract that they will lose the sale. This could nto be further from the truth. If a … Continue reading

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Posted in Being a Great Collector, Business Credit, Checking credit, Collection Tools, Collections for Creditors, Collections for Landlords, Economic Crisis, Education, Recession | Tagged , , , , | Leave a comment

Seven Deadly Money Sins, know your debtors – Part 1

In part one of my series Seven Deadly Money Sins, know your debtors, I want to introduce you to the first type of debtor you can run into when making collection calls.  As a business owner, credit manager or collector … Continue reading

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Posted in Being a Great Collector, Education, Excuses, Helping Debtors, Improve Your Credit, Know your Debtors | Tagged , , , , , | Leave a comment

How important are Credit Applications?

Do you have your customers fill out and sign credit applications? If you don’t how do you obtain your customers financial and personal information in order to make a decision about extending them credit? Some business owners do this through … Continue reading

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Posted in Ask Michelle, Business Credit, Checking credit, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni | Tagged , , | Leave a comment

What the Heck is Credit Management?

If you are a business owner you know that you sometimes have customers that owe you money and you may struggle with trying to collect that money.  It is very frustrating not getting paid after you complete a job.  Perhaps … Continue reading

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Posted in Ask Michelle, Business Credit, Collections for Creditors | Tagged , , , | Leave a comment

When can I put something on someone’s credit report?

Dear Michelle, When sending collection letters is not enough, can we report each debt to the credit bureau? Do we have to wait 120 days? What can a collector expect once this action is taken? Thank you, Marilyn Dear Marilyn, … Continue reading

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Posted in Ask Michelle, Business Credit, Checking credit, Credit Reporting, Credit reports, Economic Crisis, Recession | Tagged , , , | 10 Comments