Your Virtual Credit Manager

MARCH 4, 2025

This company was fortunate to avoid significant bad debt loss until Ames Department Stores, Kmart, and Fleming Foods (a distributor) all filed bankruptcy within the same year. Learn More About Credit Reports Please share this newsletter with your small business customers. Share What Constitutes Valid Risk Assessment Parameters?

Bad Debt 130

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

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. Department of Justice projects a substantial increase in bankruptcy filings. Trustee Program has estimated that bankruptcy filings will double over the next three years.

Bankruptcy 130

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

Your Virtual Credit Manager

MARCH 21, 2023

This ties into all the Covid startups and the lack of bankruptcies while stimulus funds were available. Commercial bankruptcies have only started to slowly tick up the past six months after 18 months of record lows. This is another reason to re-evaluate the credit risks lurking in your AR portfolio.

Accounts Receivable (AR) 130

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

Abrigo

JANUARY 29, 2020

The stress on profitability led to a significant number of farm exits (47.7%) and higher levels of Chapter 12 bankruptcy filings (24.7%), the chapter of the U.S. bankruptcy code specifically designed to protect farmers and fishers. Prudent underwriting practices are a fundamental element of ensuring credit quality. Credit Risk.

Credit Unions 78

Credit Unions Credit Risk Bankruptcy 78

Fundera

JUNE 15, 2018

According to Experian, <1% of consumers with excellent credit scores might become delinquent on payments in the future. About 1% of consumers with very good credit scores might become credit risks in the future. About 9% of people with good credit scores might become seriously delinquent in the future.

Credit Scoring 71

Credit Scoring Credit and Collections Default Credit Risk 71

Fundera

DECEMBER 12, 2018

According to Experian, <1% of consumers with excellent credit scores might become delinquent on payments in the future. About 1% of consumers with very good credit scores might become credit risks in the future. About 9% of people within the good credit score range might become seriously delinquent in the future.

Credit Scoring 71

Credit Scoring Credit and Collections Default Credit Risk 71