When a risky customer needs time to pay, the credit period can be limited to 7 or 14 days instead of the normal 30 days. Accounts on special terms should be grouped together in the ledger for constant collection attention. Any default after agreement of special terms should lead to 'cash terms only'.
-
Home page
-
Advice
-
Risk reduction techniques
- Special payment terms
Special payment terms
Payontime.co.uk is owned by The Credit Protection Association Limited – Company Number: 217953
Address: CPA House, 350 King Street, London W6 0RP - Tel: 020 8846 0000
VAT number: 243 1228 00
The Credit Protection Association Limited is registered with the Information Commissioners Office: Reg number: Z7497476
Parts of this website such as the calculators are registered with the UK Copyright Service: Acc Number 121641 – Reg number 339668