2008 Bad Debt Credit and Collections 
Your Virtual Credit Manager
FEBRUARY 13, 2024
After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency.
Your Virtual Credit Manager
MARCH 21, 2023
Any enterprise extending credit to another business needs to have real treasury expertise. In addition to the effect of inflation, AR loses value as a result of profit dilution (when customers do not pay you the full invoice value due to payment deductions or disputes) and bad debt losses. Learn More About Credit Reports 5.
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TreviPay
APRIL 11, 2023
Economic factors stemming from the financial crisis in 2008, and more recently, because of the global pandemic, heightened the retailer’s adversity to risk. This caused them to adopt a defensive risk posture, reduce credit lines previously extended to business customers and reduce their customer base by 50%.
MNS Credit Management Group
APRIL 26, 2023
First it was SVB a top bank catering to the Tech sector, then Signature bank and then a big one – Credit Suisse which eventually got taken over another Swiss bank UBS. The issue with credit Suisse was more bad management and weak internal controls and risk management practices. The answer to that is uncertain.
JSP Credit Management
APRIL 28, 2022
JSP Credit Management currently allows clients to instruct us on an overdue debt via an automated web form available on our website, but what it is seemingly missing currently is a possibility that allows our future clients to tell us if the case they are instructing us on involves a vulnerable customer. We will get that changed!
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