What Should Be Considered When Setting Up Payment Plans?
Several factors need to be considered:
1. Interest Rates: Determine if interest will be charged on the unpaid balance. 2. Credit Checks: Assess the creditworthiness of clients to minimize the risk of default. 3. Legal Agreements: Draft clear and legally binding agreements outlining the terms and conditions. 4. Flexibility: Offer customizable plans to meet the specific needs of different clients.
