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1. Do you have a written credit policy in place?
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1. Do you have a collection problem?
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3. Do you have safe guards built into your credit application such as the right to charge interest, late fees or collection cost?
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4. Do you check the credit application?
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5. Do you re-review the credit application every 6 to 12 months?
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6. Do you write off more than 1% of your annual sales to bad debt?
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7. Do you have a collection process in place?
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8. Do you set credit limits?
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9. Do you require Personal Guarantees to be used on companies under 3 years old?
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10. Do you contact a past due client before they are 30 days past due?
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11. Do you file a UCCI to become a secured creditor on your accounts that have credit lines over $20,000?
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12. Do you allow sales people to set credit limits or collect their own accounts?
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13. Do you check public records for lawsuits?
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14. Have you had more than one client file for bankruptcy within the last 18 months?
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15. Do you have a liquidation clause on your time sheet so if they hire your temp, they owe a fee?
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16. Do you have a collection problem now
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