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Duties of the credit department Legal action Taking necessary steps to ensure settlement of account Knowing the credit policy and procedures for credit control Setting credit limits Ensuring that statements of account are sent out Ensuring that thorough checks are carried out on credit customers Keeping records of all amounts owing Ensuring that debts are settled promptly
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OC auto lender Triad cuts jobs, HQ to Texas
The auto finance company’s net income fell 19 percent to $8.1 million in the quarter ended June 30. Part of the decline was because Triad set aside more money for credit losses. That provision increased 15 percent to $60.2 million in ...
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Fixed capital This is money which is used to purchase assets that will remain permanently in the business and help it to make a profit.
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