The part of credit policy that dictates how delinquent accounts should be handled is called

Question

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Developing a collection policy is the part of credit policy that dictates how delinquent accounts should be handled, including the steps to be taken to collect past-due accounts, who is responsible for the collection process, and the timeline for collections actions. Setting credit terms and determining credit standards are important components of credit policy, but they do not address how delinquent accounts should be handled.

The Part of Credit Policy That Dictates How Delinquent Accounts