Advantages of customizing pre-approved limits
Posted: Sun Apr 20, 2025 4:51 am
The creation of pre-approved and personalized limits is the result of a fair analysis — after all, it is aligned with the real conditions of each client.
This brings a series of advantages to your iceland mobile database routine, such as lower risk of default, greater satisfaction and better profitability.
Next, we will explore the main ones, check it out!
Lower risk of default
By aligning credit limits to each customer's actual payment capacity, your institution minimizes delays and the risk of non-payment.
As a result, the organization's cash flow is protected and the long-term credit portfolio is also improved .
Additionally, this approach reduces the need for subsequent collection efforts , which can be costly and damaging to customer relationships.
Finally, a more careful credit granting process helps to maintain the company's reputation, as it demonstrates responsibility and commitment to promoting healthy practices for all parties involved.
This brings a series of advantages to your iceland mobile database routine, such as lower risk of default, greater satisfaction and better profitability.
Next, we will explore the main ones, check it out!
Lower risk of default
By aligning credit limits to each customer's actual payment capacity, your institution minimizes delays and the risk of non-payment.
As a result, the organization's cash flow is protected and the long-term credit portfolio is also improved .
Additionally, this approach reduces the need for subsequent collection efforts , which can be costly and damaging to customer relationships.
Finally, a more careful credit granting process helps to maintain the company's reputation, as it demonstrates responsibility and commitment to promoting healthy practices for all parties involved.