The important dimensions of a firm's Credit policy are:
1. Credit standards
2. Credit period
3. Cash discount
concept of dividend policy
Credit enables the individuals and firms to purchase the important inputs for the production. Generally one businessman has not sufficient amount for the business. So credit is very useful for the business.
Dimension stone consists of both rough block and dressed stone. Rough stone accounted for 52 percent of all dimension stone produced by U.S. firms in 2003.
Trade Credit
There are a number of firms in the UK that allow you to check your credit rating from home. Firms such as Experian, Checkmyfile and Equifax offer online services that show your credit report. As at May 2013, many of these firms offer a free 30 day trial of their services.
A primary reason firms sell on credit is to maintain their clients and also to move their stocks. These is one of the strategies of releasing revenue by an organization.
They can charge extra money for the credit and encourage consumers to spend more.
Credit card processors are firms or businesses who enable firms,shops and businesses of all kinds to accept secure credit card transactions safely.These processors then transfer the accepted, authorized payments from the customer to their accounts then onwards to the sellers own account and have become more and more important as the percentage of all payments transacted by cards has risen sharply in recent years.
Firms give credit so people will spend what they normally wouldn't spend. This way the store or entity makes more money, not only on product but on interest rates on the credit card. Most people will buy more on credit than they will with cash on hand.
Check and Credit Recovery, NY Bank and Credit Card Collections, and Credit Resolution are three credit recovery firms that are located in the New York area. All three have a staff that includes lawyers and customer service collectors to help recover the funds owed to your company.
There IS no government site for free credit reports, since credit reports are provided by private firms, NOT by the government.
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