Of equal importance in preventing bad debt is proper documentation.  We offer you an extensive credit application and bring to your awareness that one can nearly not have enough information about a debtor.  It is normally the suspect companies that balk at filling out lengthy documentation.  Of vital importance is also to check that the authorised entities have signed the credit application.

A powerful business tool is also to use terms and condition that are based on the new credit law.  We suggest that you display your company's standard terms and conditions at prominent business locations, include it as small print in important documentation and also word your quotes for instance that this quote is valid for 30 days and is subject to the standard terms and condition of your company. 

Also of unsurpassed importance is to get signed personal surety when you are dealing with a PTY or a CC.  In stead of backing down and accepting patrons refusal to sign surety, use it as an opportunity to build relationship and ask that they sign personal surety in all business fairness.  To the owner applying for credit you could say for instance my business can take a R30,000 loss, but we cannot take a R50,000 loss.  How do you want me to trust your company, if your own company can not even trust you?

In our estimation this documentation is worth at least R5,000.00.  Large companies could pay up to  R30,000.00 because these are such vital business tools.  If you went to lawyers to setup up solid documentation that is what you would pay.

If you need solid documentation or you need to improve your credit application and terms and conditions you can >>register now<<.