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Wholesalers Trade Cards
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Certain types of wholesalers, for
example cash and carry wholesalers, issue Trade Cards and may only allow you
to buy from them until you have one. It also proves to the wholesaler that
you are a genuine trader.
However, obtaining a card is free but you will also need to show some proof
of trading such as a business letterhead or bank statement.
Obtaining Credit - Setting up a credit account with a wholesaler
Obtaining credit from a wholesaler follows a similar application format as
other credit applications such as a bank loan. The majority of wholesalers
can offer good credit deals once you have built up a relationship with the
wholesaler and established a pattern of regular orders and a good payment
record. It would be recommended that you pay for each order for a period of
3 months to demonstrate your credit worthiness to the wholesaler.
When you do make the decision to apply for a credit account, the wholesaler
will run a credit check on your company. Providing there are no CCJ's or
defaults, the wholesaler will normally issue you with a credit account and
set a credit limit, this is usually based on your previous spending history.
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