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How To Prevent Bad Debt During An Economic Downturn

Author: 
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.

Keywords: 

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
https://www.quadient.com/en/blog/how-to-prevent-bad-debt
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