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title: "Credit Application"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31101334/Credit%20Application"
format: markdown
---
No system of credit evaluation is fool proof and a large degree of experience and skill is required by the person assigned to manage credit control. There are established guidelines that should be adhered to in evaluating new accounts and in taking up credit references. It is equally important to point out penalty charges and deductions at this stage so that any disputes be resolved before the account gets to the collection cycle. Things to look for could include: In the situation where the account is potentially a major one, the managing director or sales director should visit the purchaser as part of the evaluation process.