Nancy Bardo
Credit Policy for utility company
by Nancy Bardo
Strategy Name: Credit Policy for utility company
Students will need to develop the credit policy for a utility company. Often, utility customers may have no credit (i.e., an 18 year old moving out on their own for the first time). Students need to determine what information they want to know about the customer before they grant the credit. Keep in mind that since there is no competition, your utility company is the only option the customer has. Another thing to consider is local laws protecting the individual customer.