When former clients ask the credit, the dealer copes the report made in the previous business
When former clients ask the credit, the dealer copes the report made in the previous business relations. The account book of the businessman - very valuable history of credits. It is its compass in the doubt sea. If after survey of the old account it is revealed, that in former years the client paid in cash and depreciated the accounts, and that after its method of payment was according to promissory notes, and that some times he has asked special advantage, such as dated accounts forward or the privilege of renewal of the notes, everyone in a condition to read a certain faultless sign of degeneration in the credit of the client. New orders from such client will have research; and closer attention to present conditions of the account can rescue firm from some bad debts.
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