Remove 2012 Remove Credit Application Remove Small Businesses
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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

Historically, business failures increase after a recession. After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

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How Long Do Credit Inquiries Stay on Your Credit Report?

Fundera

Your credit history and the circumstances of each pull will affect how your score is affected. If you’ve applied for a small business loan , taken out a mortgage, or signed up for a business credit card , then you’ve heard the pesky term “credit check” before. Here’s what you need to know.