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.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

SAP Credit Management

AUGUST 14, 2023

The issue was linked to a mismatch of default ADS configuration and PDF print forms (XDP forms by Adobe). Finding a path to success ADS instance was configured with default (out-of-the-box) parameters. That is with default configuration of producing PDF version 1.65. PDF version Compatible Adobe Reader Release year 1.6

Default 144

Default 144

CreditStrong for Business

AUGUST 30, 2024

As a business owner, finding the right credit card is an important step in building your business and getting perks and rewards along the way. But once you have a business credit card, can you use it for personal expenses as well? Is It Illegal to Use a Business Credit Card for Personal Use?

Credit Scoring 52

Credit Scoring Credit Card Companies Credit and Collections Deductions 52

CreditStrong for Business

OCTOBER 24, 2024

After doing a credit check, most lenders will require that borrowers demonstrate a verifiable source of income. Those who lack any other source of income and have a poor credit history will typically have very limited and less desirable options. The likelihood of approval varies based on the lender and other financial circumstances.

Bankruptcy 52

Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

Prosper

FEBRUARY 10, 2023

When you invest in borrower loans through Prosper, you are helping to impact the lives of borrowers who are consolidating debt , rebuilding their credit, preparing to make important purchases, and working toward financial wellbeing. Loans that have paid off, charged-off or are in default are not considered active.

Medical Billing 59

Medical Billing Credit and Collections Default 59

Fundera

NOVEMBER 8, 2018

The IRS will allow the owner of a disregarded entity to report the business’s income, losses, credits, and deductions on their personal tax return. If your LLC has one owner only, then by default the IRS will tax your company as a disregarded entity unless you elect to have the business taxed as a corporation.

Deductions 59

Deductions Credit and Collections Default Transactions 59