In our business, deciding which customers to extend credit to, and for how much, requires careful consideration. While allowing other businesses to pay invoices after service may seem harmless, it can be as risky as lending money to someone with a gambling problem. A company may appear reputable, but the only way to assess their reliability is through a credit report. We’ve implemented a system where new clients pay upfront for the first few transactions to gauge their potential usage. Afterward, they may be invited to a credit account with initial 7-day payment terms, which extend as the relationship develops. Reliable payers progress to 30-day terms, and occasionally 30 days end of month with larger credit limits. Conversely, poor payers remain on stricter terms with minimal credit that must be cleared quickly