Maybe you will be offered a suitable guarantee from a third party. Click here to view a sample guarantee.
- Why should you seek third party guarantee?
The customer may not have been in business for a lengthy period of time. That being the case there may be little objective information from which you are able to accurately assess a credit rating. You may be concerned about making a supply, particularly where the amounts involved are considerable. Bearing in mind around half of new businesses fail within the first two years it does make sense to at least consider the possibility of guarantees.
- After assessing your customer's credit rating it may be you are concerned your customer's business is not as healthy as it was in previous years.
- You may have a general concern about your customer's payment history with various credit control procedures such as telephone calls and chasing letters being ignored