Your Virtual Credit Manager

MARCH 21, 2023

That’s why deposits at the bank were shrinking after growing by 86 percent in 2021. 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.

Accounts Receivable (AR) 130

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

CommandCredit

SEPTEMBER 6, 2021

Businesses need to identify the possible risks associated with any project or business venture. By analyzing risk, you must decide whether the consequences of any risk you identify are acceptable. A business credit report can identify adverse situations or warning signs to help you decide if you want to accept the risk.

Credit Risk 40

Credit Risk Credit Reporting Agencies Bankruptcy Small Businesses 40

Your Virtual Credit Manager

AUGUST 22, 2023

This is why age is an extremely important consideration when extending credit. YVCM was launched in February, 2021, and has since grown to over 6,000 subscribers. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit.

Credit and Collections 130

Credit and Collections Bad Debt Credit Risk Small Businesses 130

Abrigo

FEBRUARY 10, 2021

You might also like this webinar, How the 2021 Roadmap for Producers will Influence Ag Lending. Terms and sureties Agribusinesses need to ensure fair terms to protect themselves from bankruptcy and have bonds in place with sureties to confirm the developer will remove all of the equipment and not leave it to the farmers to do without funding.

Credit Risk 78

Credit Risk Bankruptcy Credit and Collections 78

Your Virtual Credit Manager

JUNE 13, 2023

Photo by Jamie Street on Unsplash There are two types of credit risk that arise from selling on open credit terms: Customers paying beyond terms (past due) reduce your cash flow. Over 5 million businesses, mostly small, were formed over the twelve months ended September 2021. it just might help them pay you sooner!

Credit and Collections 26

Credit and Collections Bad Debt Default Credit Risk 26

Due

AUGUST 2, 2023

In 2021, federal student loan borrowers had an average debt of $37,338. While the federal government helps students avail of college education, it doesn’t consider the credit risk. They find it challenging to get student loan debts forgiven by filing for bankruptcy. Let’s take a look at these figures that tell the story.

Credit Scoring 52

Credit Scoring Default Bankruptcy Credit Risk 52