To Cash or Not to Cash? How to Handle “Payment-in-Full” Checks, by...
What should you do when you receive a check from a customer for an amount less than your total claim, but the check is marked with a “payment in full” or similar restrictive notation? Should you return...
View ArticleCan the Credit Department Reduce (or Withdraw) Open Account Terms?, by...
In business-to-business credit granting, can the credit department withdraw or reduce open account terms at any time for any reason or for no reason? I think most people would say ‘Yes’. In my opinion,...
View ArticleHow Antitrust Laws Affect Your Credit Functions, by Michael C. Dennis
Penalties for violations of applicable federal or state antitrust laws can include fines, imprisonment, and liability for up to triple damages. How do antitrust laws affect day-to-day credit decision...
View ArticleWhen Customer Won’t Pay, Should you go to Collection Agency or Attorney?, by...
Your internal efforts have failed to collect a severely past due account. Now, it’s time to call in another source. But who should you call, your corporate/general counsel, a collection attorney or a...
View ArticleCan the bank seize these goods, even though the creditor and supplier agreed...
Editor’s note: The following article originally appeared in Credit Today, the leading publication for the credit professional, a CMA Partner. Click here for Special CMA Member $10 Trial! “We just heard...
View Article