Selling on credit is not all rosy. You should pay attention to the traps below! (i) that the retailer may disclose to any credit provider mentioned in a credit report on the buyer information about the buyer`s creditworthiness and history; (a) When the retailer withdraws the guarantees, as soon as the net proceeds from a security tax have been deducted from all funds payable under the contract, the purchaser immediately pays the retailer the balance of the funds payable under the agreement (if any); Imagine selling a game to a friend who, for now, doesn`t have the money to pay for it. There is also no agreement on when he will pay you for the game – you just give it to him, provided he finally gives you the money. If your friend is unreliable, you may as well call the game a gift. He can`t pay you! Another way to protect yourself is to include a property reserve clause in the credit purchase agreement. This clause, also known as the «Romalpa» clause, allows the buyer to own the goods, but only acquires the seller`s property when the final purchase price is paid. (j) that the retailer may use a credit officer`s monitoring services to obtain updates when buyer information changes and the refund history, buyer`s account details and all late payment information may be disclosed to credit reporters who contain information about their system and may be disclosed to authorized users of credit reporting services; In order to minimize such undesirable situations, sellers generally have credit terms of sale that include payment date, payment duration and discount. The credit conditions are such that they are written: (h) that the retailer can pass on all information or information to credit journalists and that these credit journalists can store information about their systems and pass it on to any authorized user of the credit reporter`s services; (iii) the buyer refuses payment of a sum owed to the retailer and the information is required from the credit agencies or legal or professional advisors of the retailer; or (a) the buyer does not comply with a clause in this agreement or any other agreement between the retailer and the buyer; or (e) if, for whatever reason, the buyer does not provide all the necessary information or if the agreement is not signed properly or if the contract is not legally claimed by a buyer`s administrator, the surety agrees, as a buyer, to enter into a new agreement with the distributor for the sale and purchase of the security under the same conditions as the agreement , but only for the remainder of the contract term; and if you have a business and want to sell on credit, here are some ways to profit.