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0 pointsSoftTalker2mo ago0 comments

As a contractor some of this is on you also. Before extending credit to a client you should do some due diligence on their ability to pay.

0 comments

hinkley2mo ago

I worked at a couple places where the vendors got wise and moved to cash in advance or net30 from net90 for us. We probably deserved it.

Forgeties792mo ago

But how? Make them show me their books? Aside from a downpayment idk what else there is

KomoD2mo ago

You could do a credit check.

And in this particular case since they're a UK company, yeah, you can just look at their reported accounts.

2023

CURRENT ASSETS: £571

Creditors: Amounts Falling Due Within One Year: £28,051

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That's not a client I'd take.

imglorp2mo ago

As a customer or a vendor, being able to see any company's health like this must be wonderful if you're evaluating whether you want to enter a relationship with them. More of the world should do this.

Forgeties792mo ago

I legitimately did not know we could do that in the US. A cursory search says we can I think?

Teever2mo ago

Wait, what, Anyone can check the balance of a UK company's chequing account?

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0 comments

hinkley2mo ago

I worked at a couple places where the vendors got wise and moved to cash in advance or net30 from net90 for us. We probably deserved it.

Forgeties792mo ago

But how? Make them show me their books? Aside from a downpayment idk what else there is

KomoD2mo ago

You could do a credit check.

And in this particular case since they're a UK company, yeah, you can just look at their reported accounts.

2023

CURRENT ASSETS: £571

Creditors: Amounts Falling Due Within One Year: £28,051

----

That's not a client I'd take.

imglorp2mo ago

Forgeties792mo ago

I legitimately did not know we could do that in the US. A cursory search says we can I think?

Teever2mo ago

Wait, what, Anyone can check the balance of a UK company's chequing account?

1 more reply

j / k navigate · click thread line to collapse