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How Are Your Customers Doing?

Your Virtual Credit Manager

We don’t, however, want to minimize the importance of the credit side of the equation. As discussed in a recent post , gathering customer information doesn’t stop with the credit application. You put your firm at risk by limiting credit assessments to only new customers, which is too often the case.

Bad Debt 130
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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. There are products for processing new customer credit applications, credit analysis, collections, and remittance processing to name a few. Solidify Your Remote Work Capabilities.

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How Long Do Credit Inquiries Stay on Your Credit Report?

Fundera

And in almost all cases, undergoing a credit inquiry is a necessary step to getting approval for your rental home, business loan, credit card, and so on. But those credit checks aren’t just a one-and-done kind of thing—credit inquiries stay on your credit report even after you’ve secured approval for your credit application.