WLA Payment Rating System WLA Members to WLA members

 

---

 

This is next to each WLA members profile.

This is now available to all WLA members and applies also to all WLA members.

It is for the WLA members to advise the WLA network of payment failures. It is also up the WLA members to arrange different payment agreements. The delays of any payment agreement will be rated the same according the delayed times of payment after the agreed time of credit. The way it works is below:

 

WLA Members do give 30 days credit to other WLA members.
If the outstanding is paid within 30 days +/- 7 days
Your WLA Payment Rating is EXCELLENT

 

 

If the outstanding is paid within 60 days +/- 7 days
Your WLA Payment Rating is OKAY

              

 

 

If the outstanding is paid within 90 days +/- 7 days
Your WLA Payment Rating is NOT GOOD

 

 

 

If the outstanding is paid within 120 days +/- 7 days
Your WLA Payment Rating is UNACCEPTABLE

 

 

 

For the payment as a WLA member to the WLA Network for the WLA membership fee the WLA Payment Rating works as below .

WLA Network give 7 days credit on the invoice to the WLA members.
If the outstanding is paid within 14 days +/- 7 days
Your WLA Payment Rating is EXCELLENT

If the outstanding is paid within 30 days +/- 7 days
Your WLA Payment Rating is OKAY

If the outstanding is paid within 40 days +/- 7 days
Your WLA Payment Rating is Not Good

Once you are downgraded to payment rating ORANGE OR BELOW, your membership will be automatically downgraded to GREEN MEMBERSHIP.

The WLA member with Red WLA PR may be expelled and excluded from the WLA Network with a warning email to other members and Networks.