With the way people’s credit is these days, and boutiques (and some larger stores too) going out of business left and right……I know it can be scary to offer credit terms and forgo the instant satisfaction of a credit card payment. But alas, some stores still refuse to pay by credit card. Now I’m not talking about the biggies…..they always pay Net 30, I’m referring to the boutiques who are asking.
I have always been willing to take Net 30 (reluctantly of course) when asked, if I can verify their current credit with other vendors. You want to be sure that it is current, and not credit from years ago…..as it may have been excellent back then.
Most Boutiques have a credit reference sheet ready (as you may too for certain vendors you buy from) so it is considered normal for you to ask for one so don’t be shy. Once you get this from them, you can and should, check at least 3 current references for referrals on payment history. All you have to do is fax or email over the form to the vendor they supplied and ask them to fill it out. This can take time and sometimes a reminder is required, so again, be persistent but not pesky!
I have included a sample here of what we use so you can use it too. Click here for a Sample Credit Check form and download the free pdf.
Good luck, and always try for a credit card first to help with your cash flow!
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