Businesses nationwide are making the move back to house credit, and the nation’s truckstops and travel plazas are no exception. When done right, house accounts can boost customer loyalty and save operators money, but they also carry risk. What’s more, thin margins on fuel mean operators have little room for error when determining who is a worthy credit risk.
Operators need to establish a customer’s credit worthiness before extending credit, and a detailed, signed credit application can help operators protect themselves. Operators don’t just need to gather information on credit reports — they need to gather the right information. More