More NewsBusinesses seek extended payment terms

Businesses seek extended payment terms

Most businesses have sought to extend their payment terms in the last three months

Two-thirds of businesses have seen at least one customer attempt to extend
their payment terms over the last three months, according to the Instititue of
Credit Management.
The research found that large companies were prepared to bully and try to extend
terms, reported the
Telegraph.

The DBERR has set up a voluntary code for more prompt payment of bills.

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