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Businesses that sell products or services to other businesses and grant them credit, can avoid bad debt by watching for signs of their clients' potential to default on payments.
Business owners should be involved in making, monitoring, and reviewing credit decisions. Managers can also use various strategies to spot bad credit trends and handle customers who appear to be having difficult times.
The following article provides guidelines on how to keep payments coming;
Source: allbusiness.com
Added on November 28, 2008
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