Report Pay Habits
Report Pay Habits of Accounts Receivable to BizFraud
Reporting the Pay Habits of your Accounts Receivable… will reduce the risk of late payments and nonpayment. Protect your income!
Business Owners can report pay habits of Accounts Receivable to Bizfraud which is a Credit Reporting Agency. Reporting pay habits will minimize risk of income loss. Networking with other Business Owners to identity high & low risk Credit Applicants is what Big Business does; Small Business Owners can now do it too.
When Business Owners advise the Credit Applicant that pay habits are reported to a Credit Reporting Agency on the 3rd day of each month, there is a much greater chance that the account will be paid on time, as opposed to being days or weeks late, or never paid. There are two types of accounts receivable or credit accounts:
-
high risk – click for explanation
-
low risk – click for explanation
High risk accounts impact a Business Owner's bottom line and waste valuable company resources chasing a bad debt. So it is important and wise to use every available tool to reduce the risk of income loss and enhance the opportunity for business success.
Reporting Account Pay Habits to a Credit Reporting Agency for Small Business Owners is one such tool, it negatively impacts high risk accounts that don’t pay, and it rewards low risk accounts with a good credit history which can be easily verified by other Business Owners through Bizfraud.
Small Business Owners have previously not been able to report the pay habits of accounts receivable, the Major Credit Bureaus only allow Big Retail Companies, Credit Card Companies and Financial Institutions to report this kind of information.
Bizfraud provides Small and Medium sized Business Owners with a fraud prevention tool that serves to identify high & low risk Credit Applicants. Take advantage of this service today…sign up for a NO COST membership and use the business tools to enhance the opportunity for business success. Look for the FREE FORMS that are available on the web site.
