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A look back at 2024: 5 trends in credit management from the past year

Onguard

How has 2024 unfolded and what is expected for 2025? According to the latest Allianz data, 2024 is already going in the books as a record year for insolvencies , with Western Europe leading the rebound in the number of cases. The trends of today are shaping the trends of tomorrow. Did you know?

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Here Are the Distress Signals Private Firms Flash When They Are in Trouble

Your Virtual Credit Manager

in the 12-months ending June 30, 2024. Here’s a warning to trade creditor’s from a major commercial credit bureau (from CreditSafe’s Cost of Late Payments report). Your Virtual Credit Manager is a reader-supported publication. According to data from the Administrative Office of the U.S.

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Does Your Billing Process Provoke Late Payments?

Your Virtual Credit Manager

Your Virtual Credit Manager is a reader-supported publication. For a masterclass on Credit Department Digital Transformation , join David Schmidt online December 3, 2024, at 1:30 PM EDT. To receive new posts and support my work, please subscribe for just $5 per month ($49 yearly).For

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Big Company Red Flags You Can't Afford to Miss

Your Virtual Credit Manager

Here a sample of the news on this front: Commercial bankruptcy filings across all chapters increased 20% in the first 9 months of 2024 compared to 2023, with 22,550 filings versus 18,774 according to Epiq AACER. Your Virtual Credit Manager is a reader-supported publication. Register Do you need help improving cash flow?

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Storm Warning: Private Company Red Flags

Your Virtual Credit Manager

The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. during the 12-month period ending September 30, 2024. Your Virtual Credit Manager is a reader-supported publication. Business bankruptcy filings increased by 33.5% Do you need help improving cash flow?

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RMAI Update September 2024

RMAi Blog

On September 5, 2024 the CFPB issued its annual Fair Debt Collection Practices Act report. In a June 2024 meeting with RMAI leadership, Director Chopra shared that the CFPB expects a high number of debt collection complaints simply by nature of the business. 22-11875, 2024 U.S. Lexington Place Condo. Ass’n, No.

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January 2024 Commercial Credit Management News

Credit Management Group UK

We hope this blog finds you well.