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Credit solutions - advantages and disadvantages

Offering credits to customers means that youu2019ve already earned the respect of customersu2019. On the other side, customers also tend to pay the bills on the due date for the credit that was handed over to them beforehand.

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Credit solutions - advantages and disadvantages

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  1. Credit solutions - advantages and disadvantages www.avendus.com/india

  2. Customer Loyalty Offering credits to customers means that you’ve already earned the respect of customers’. On the other side, customers also tend to pay the bills on the due date for the credit that was handed over to them beforehand.  www.avendus.com/india

  3. Increase in terms It is not possible to analyse the credit while starting to sell. However, they can be analysed when customers buy from you instead of competitors, who do not hand over credits to their customers easily like you.  www.avendus.com/india

  4. Meet the competition It is always important to analyse our competitors before taking any step. However, any bank should be able to offer credit solutions to their customers as other banks. If more terms are made more favourable to customers, it is important to analyst the payment terms.  www.avendus.com/india

  5. Bad debts potential It is important to keep proper balance between your salary and the credit. If you struggle to keep up with the deadline, it might lead to debts. As the days progresses, debt will keep increasing.  www.avendus.com/india

  6. Credit risk with customers Each and every customer must be investigated properly before handing credit to them. Creditworthiness is a must, followed by their salary and their capability of paying the bills on time. www.avendus.com/india

  7. Thank You www.avendus.com/india

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