Credit Risk Document Total Receivables 
Your Virtual Credit Manager
SEPTEMBER 19, 2023
Raise Their Prices: When you have a high credit risk customer, you should be charging them the highest price possible. This will help compensate you for the high risk you bear and reduce the ultimate loss you may suffer. Every order from the customer should be put on credit hold while you negotiate a payment of their old debt.
Your Virtual Credit Manager
JANUARY 3, 2023
Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the credit risk ratings and credit limits of customers that have not been updated within the past two years. Renew any expired sales contracts.
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