Buy on credit

[Starmix]

If you are a business operator, you know well the caliber of your customers or new encounter customers. And there maybe a time when one or two customers want to buy some products through credit. Will you say yes impulsively or retreat the idea to let those customers purchase on credit. Well, you can approve their request, however let them deposit post dated checks for an assurance of payment refusal from them means cancellation of their request. You never know their real motives. But it's all up to you to allow or not to allow.

 

[eldavis]

It depends though there are some customers who would come to me for credit but I would never agree to it, then there are some who I do not even think twice before agreeing cause I trust them.

 

[Stardom22]

In my country most people are not very trustworthy. They would fake it for the first time until you gain the trust on them and after that they come to get good credit and that the end of everything.

 

[nomad]

I am not in a favor of selling on credit. If you sell in credit ot will also be hard to get your money back. Likewise I am also not in favor of buying in credit, if you buy in credit, it will be hard to pay back.

 

[Starmix]

That is roght, if allow a customer despite loyal customer but buying in credit is not good. The money is rolled out daily and what if that customer won't pay on time? The capital will be at stake.

 

[Suba]

The longer we run the business, the more experienced we will become and we will recognize several customer characteristics. When they ask for credit purchases, of course we have rules, especially the credit limit (the highest limit that can be given as a receivable account for each customer).

 

[Starmix]

We need to limit our trust in customers There are customers who are tricky and we might be trapped with their tricks. The best is never to allow them to buy in credit, especially if your business is small.

 

[freelancermaria]

I do not think I will be able to buy or sell on credit if I become a business owner. No matter how close a relationship I have with my customers, it will still be a risk to take. In the future, it may cause a problem for me.

 

[Starmix]

I can allow credit if there is a collateral equivalent or more than the price of the items bought in credit. I also do not trust people even to a family member.

 

[King Belieal]

I think the best thing is to avoid credit sales altogether. It always dampens relationship. It is better you gift than sell on credit.

 

[Starmix]

Credit is good to approve to our nearest neighbors who have a good credit reputation. They may not like us if refused to let them buy in credit. Let's give them a chance.