Can you help borrowers turn receivables into cash faster?
Abstract: To decrease the possibility of bad debt write-offs, lenders should educate their borrowers about some basic actions they can take to improve their collections. This article lists some helpful questions lenders can ask to point their borrowers in the right direction. These include whether their billing process is sound and whether they have a clear payment schedule. Providing support now will both ensure loans are more secure and cement lender relationships with borrowers.