1. Credit Eligibility
– Criteria: Requirements for clients to qualify for credit, which may include a review of financial stability or a credit check.
– Approval Process: Steps clients need to take to apply for and obtain credit.

2. Payment Terms
– Billing Cycle**: Details on how often invoices are issued (e.g., monthly, quarterly).
– Due Dates: When payments are expected to be made after an invoice is issued (e.g., 14 days from invoice date).

3. Credit Limits
– Limits: Maximum amount of credit extended to a client.
– Review: How and when credit limits are reviewed or adjusted.

4. Interest and Fees
– Interest Rates: Any interest charges applied to overdue amounts.
– Late Fees: Penalties for late payments, including how they are calculated.

5. Payment Methods
– Accepted Methods: Types of payments accepted (e.g., bank transfer, credit card).
– Details: Instructions for making payments.

6. Invoicing
– Format: How invoices are presented and what information they include.
– Dispute Resolution: Process for disputing charges on an invoice.

7. Credit Terms Adjustment
– Changes: Conditions under which credit terms may be modified.
– Notification: How clients will be informed of changes to their credit terms.

8. Default and Collection
– Default: What constitutes a default under the credit terms.
– Collection Process: Steps taken if a client fails to meet payment obligations, including possible involvement of collection agencies.

9. Credit Term Review
– Periodic Review: How often credit terms are reviewed for adjustment.
– Client Feedback: How clients can provide feedback or request changes to their credit terms.

Obtaining Specific Credit Terms

– RTM Business Solutions Website: Check if there’s a section on financial policies or credit terms.
– Direct Inquiry: Contact RTM Business Solutions directly to request detailed credit terms specific to their services.
– Contractual Documents**: Review any service agreements or contracts you have with RTM Business Solutions, as these documents might include specific credit terms.