Posts Tagged ‘credit’
Because of the credit boom, banks decided to tighten the requirements to apply. Requirements on banks increased by 33.3 percent, while the cooperatives rose 43 percent.
Colombians prefer consumer loans other than credit card debt, so says the latest financial stability report to court in September, revealed by the Bank of the Republic.
Read the rest of this entry »
Posted in 
Tags: 
Need Credit or Insurance? Your Credit Score Helps Determine what you will pay
Have you ever wondered how do the lenders to decide if you are going to lend?
For many years, lenders have used credit scoring systems to determine if you are a candidate with a risk factor for granting credit acceptable credit cards, loans for buying cars and mortgages. Today, many other types of businesses including insurance companies and telephone companies are using credit scoring system to decide whether to approve a loan or grant to establish a service and the corresponding terms.
Read the rest of this entry »
Give credit to customers (selling credit) is a way to increase sales or to have relations with a client, but can also mean cash flow problems or the possibility that the customer who was given the credit never paid
So before you decide to give credit to customers is necessary to establish a clear policy on credit and collection, evaluate customer good credit you request, to establish credit terms, among others.
Read the rest of this entry »
Suppose the situation where a client wants us to buy something, but he says that you can only pay us within a month.
Accepting the request of the customer and give a credit can be a way to increase our sales and create or maintain a business relationship with that customer.
However, accepting grant credit can mean the liquidity problems, or the risk that the client does not pay on the agreed date or, even, we get to pay.
In the case of large companies, they have a credit and collections department that allows them to efficiently manage credit and collections thereof. Read the rest of this entry »