Town Hardware sells goods on credit with payment due 30 days after purchase, if payment is not received by the 30 th day, the store mails a friendly reminder to. the customer. If payment is not received by the 45 th day, the store calis the customer and requests payment and also stops offering credit to that customer, These procedures are referred to as the store's: coliection policy credit policy. payabios policy. disbuisemenis policy. customer service policy