Preventing Bad Checks As a retailer of motorcycles and watercraft Northwest Honda (Houston, Tex.) does a lot of business with young people and is no stranger to bad checks. "A lot of young people don't have a lot of credit background and experience," notes Corporate Secretary-Treasurer Kay Rogers. "Bad checks cost the organization quite a bit." These costs include hiring people to track down the debtors and the fees and time involved in filing with the district attorney. In this article, you'll learn...
- What part of the business generates the most bad checks for Northwest Honda
- The three-step program they implemented to combat bad checks
- Which check verification vendor they ended up using and how the process works
- What threshold is used for check coverage
- The results of the procedures they established
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