Credit Research Foundation

SEPTEMBER 27, 2024

million jobs, and the unemployment rate peaked at 10% in October 2009. Since then, we’ve weathered the COVID-19 pandemic, which many experts predicted would lead to a wave of defaults and business closures. Am I adequately staffed to handle an increase in risk and market volatility? During that period, the U.S.

Days Sales Outstanding 195

Days Sales Outstanding Bad Debt DSO Default 195

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

CreditStrong for Business

OCTOBER 24, 2024

Credit Cards A credit card is a revolving form of financing that an unemployed consumer might qualify for. However, in 2009 legislators passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act), which might make qualifying more challenging.

Bankruptcy 52

Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

FICO Blog

DECEMBER 8, 2022

FICO® Scores, often an important contributor to underwriting risk management strategies, are designed to provide valuable risk rank-ordering through all economic cycles. Traditional underwriting risk management strategy approach in stressed versus unstressed economy. Economic Scenario.

Default 52

Default CECL Credit Risk 52