The following sample outlines a set of policies and procedures for the credit hold and release process, the ongoing credit review of customer accounts, and for establishing guidelines for customer credit limits. The intent of this policy is to maximize profitability by minimizing credit risk and potential collections issues. Both new and existing customer accounts shall be properly evaluated, reviewed, and approved for creditworthiness.
This policy applies to employees at all locations involved in the review and establishment of customer credit, including credit analysts, treasury manager, customer service representatives, regional sales managers, business directors, vice president of sales, etc.