http://www.secretfinance.com/blog/how-do-we-offer-finance-to-our-customers/ Thu, 17 May 2012 20:07:00 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.secretfinance.com/blog/how-do-we-offer-finance-to-our-customers/comment-page-1/#comment-2501 memphisladybrown Tue, 22 Dec 2009 08:50:04 +0000 http://www.secretfinance.com/blog/how-do-we-offer-finance-to-our-customers/#comment-2501 Set up a basic credit criteria, in which based on your clients credit score or certain qualifying options that you create, you base your credit line. Ok to make this easier, you could for example use a 90% credit line for clients whose credit score (or other certain criteria because companies sometimes don't look for a certain score but more or less other items they deem necessary) is 800 or more and it goes down from there...so as if a new client you have has a 500 score you could issue them only a 10% financing line. Second, after you set your standards, go ahead and work out your governing contracts, what is your interest rate (check with other similar companies in the field)? What is your late fee and when are payments due..how about penalties? Boy, that's enough for now huh!<a href="http://www.secretfinance.com/offshore/offshore-malta.htm"> memphisladybrown</a> Set up a basic credit criteria, in which based on your clients credit score or certain qualifying options that you create, you base your credit line. Ok to make this easier, you could for example use a 90% credit line for clients whose credit score (or other certain criteria because companies sometimes don’t look for a certain score but more or less other items they deem necessary) is 800 or more and it goes down from there…so as if a new client you have has a 500 score you could issue them only a 10% financing line. Second, after you set your standards, go ahead and work out your governing contracts, what is your interest rate (check with other similar companies in the field)? What is your late fee and when are payments due..how about penalties? Boy, that’s enough for now huh! memphisladybrown

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