Covering Business Credit

Credit Questions and Answers
Business Credit and Collections
Commercial Credit Management

Return to Q and A 2004Home

Doctor Credit

We have a policy that all credit applications must be signed. It seems that the larger the company, the more difficult this is to accomplish. Should we insist on the applicant completing the application and signing it?

Answer: We are not as concerned about whether the application is completed, but we feel it is important that the application is signed. Why? Because normally a credit application form is more than simply a way to gather information about an applicant. The application itself is a contract and by signing it the applicant company is agreeing to the terms and conditions of sale contained in your application. Therefore, we think it is appropriate to ask that the application be signed.

spacer spacer