Credit Control
How can you assess what a customer is worth?
Remember a sale is only a sale once it has been paid for! The best way of assuring you do get paid is to assess your customer's ability to pay what is due to you within their credit limit. This is known as assessing the credit risk and once completed you will be able to assess credit terms and credit limits. Your criteria will vary depending on the assessment's result. For example you would only supply on a cash only basis if you thought your customer were shortly to proceed to insolvency. A different response will apply where your customer's liquidity ratio was improving.
Yuill + Kyle have their own credit checking website at www.ykcreditcheck.co.uk. This site utilises the largest UK credit check database to provide you with up to date reports on any UK business. The range of credit reports on offer will help you gain more insight into your customer’s credit history and risk.
| Tel: 0141 331 2332 | © Yuill + Kyle 2007 |
| Fax: 0141 332 4223 | 79 West Regent Street |
| Email: info@debtscotland.com | Glasgow G2 2AR |
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