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How To Prevent Bad Debt During An Economic Downturn

Shaun Jex
Publication date:
September 19, 2022
Article Summary: 

The blog discusses the importance of preventing bad debt for businesses and provides several tips for doing so. Some of the tips include doing a credit check on new customers, setting credit limits, having a clear and concise payment policy, communicating with customers about late payments, and using collection agencies if necessary. The blog emphasizes the importance of establishing a solid credit management process to prevent bad debt and improve cash flow for businesses.


prevent bad debt, credit check, credit limits, payment policy, late payments, collection agencies, credit management process, cash flow, businesses.

Source Citation: 
Shaun Jex
How To Prevent Bad Debt During An Economic Downturn
September 19, 2022
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