Credit and Collection Policy Basics
Originally Published: January 2010
A recent survey by the Credit Research Foundation showed that 93% of respondents believed that their customers were relying on suppliers for working capital.
Other key findings of the survey:
- 81% felt that their customers experienced a tightening of available bank financing
- 66% stated they were experiencing more customer bankruptcies than a year ago
- 76% stated that the Federal Economic Stimulus Package had no impact on their business