If this policy doesn’t apply to specific departments, regions, or teams, make sure to add that to the scope.
The credit department will collectively review new credit applications to approve applicants and determine credit amounts to be issued. The amount of credit issued to an applicant may be lower than the maximum if credit reports reveal limited credit histories of less than five years, low credit scores, or ratios below 1:1. Current accounts may be subject to credit modification based on the results of intermittent credit reviews.
In terms of specific credit terms, [Sender.Company] will provide a credit of no more than ($ insert dollar amount) to qualified applicants at an interest rate of (interest rate number)% applied to each payment.
The head of [Sender.Company]'s credit department can increase or decrease a credit line and demand a guarantee on a personal, corporate, or bank level from particular clients before issuing credit. All credit repayment terms are net 60 days, barring exceptional situations approved by the head of the credit department.
All client terms of sale are standardized according to [Sender.Company]’s current sales programs and promotions. The credit department head is responsible for approving all modifications of the terms of these promotions and programs on a case-by-case basis to maximize sales outcomes wherever possible. The sales terms for all clients are 60 days unless otherwise specified.