What are the rules of proper managing the credit?

Liked this question? Tell your friends about it

Answers

One rule you shouldn't break in credit management: Never go past two due dates without paying a fraction of what you owe or what someone owes to you. Letting the credit amount (yours or someone else's) reach its due is reasonable once or twice when you're struggling to find the means to pay the interest each month. This problem is especially common among business owners who borrowed a loan to put up their companies. If you want, you may seek the assistance of a credit consultancy firm. They'll know what to do, and they're more familiar with the credit laws in your country.

More Questions

Want to know about traffic management service.

Most of the traffic control service we provide is for organizations that understand traffic control and what they need. For these clients, we have Rate Sheets which can be requested and they will allow an experienced contractor to calculate what they need and what it will cost. I only have that ...

Time Management

As a professional, we all know that in order to be more productive we need to manage our time effectively. We need to balance our time between work and for our personal life too. For time management, I have been using time recording software from Replicon ( http://www.replicon.com/olp/online-time ...

The 80/20 rule of time management

The Italian economist Vilfredo Parreto was the first to realize that in most cases the world is not linear. 20% of all criminals create 80% of all the problems. 20% of your products bring 80% of your profit. 20% of your investments bring you 80% of the profit. 20% of one efforts provide 80% of ...