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. What do you need help with?

Bankruptcy 130

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

Your Virtual Credit Manager

MARCH 21, 2023

Subscribe now Lessons to Be Learned Looked at from the perspective of somebody responsible for the management of a portfolio of accounts receivable (AR), the events surrounding the SVB collapse present a cautionary tale. Any enterprise extending credit to another business needs to have real treasury expertise.

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

APRIL 16, 2024

Market volatility and rising costs are instead disrupting working capital budgets, causing late payments that inflate accounts receivable (AR). From economic swings to shifting customer habits, business owners must deal with a host of factors impacting their ability to get paid what they’re owed.

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

OCTOBER 15, 2024

With consumer discretionary spending bottled up by past inflation, it is no surprise many SMBs are struggling to make ends meet. In other words, commercial chapter 11 bankruptcies have doubled over the past 2 years, and the trend continues upward. ” That comes after a 61 percent increase over the same period from 2022 to 2023.

Chapter 11 100

Chapter 11 Bad Debt Bankruptcy Accounts Receivable (AR) 100

Your Virtual Credit Manager

JANUARY 23, 2024

Furthermore, new businesses and small businesses tend to have high failure rates, and there is good reason to believe a wave of defaults is coming. Among other things, commercial bankruptcies have been steadily climbing over the past year. Please feel free to share this newsletter with your small business customers.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Your Virtual Credit Manager

AUGUST 11, 2024

Commercial bankruptcies have been surging since mid-2022. Chapter 11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year. Department of Justice expects a sharp increase in bankruptcies with the U.S.

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Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Your Virtual Credit Manager

AUGUST 20, 2024

Here are some factors AR managers should anticipate: Interest rates may ease somewhat, but the days of easy money are over for the foreseeable future — working capital management is extremely important now Commercial bankruptcy filings are expected to continue rising (the U.S.

Credit Management 130

Credit Management Credit and Collections Accounts Receivable (AR) Bankruptcy 130

Your Virtual Credit Manager

JULY 23, 2024

In every accounts receivable (AR) portfolio there are customers that almost always pay on time, other customers that pay within a reasonable proximity of the due date, and those that pay consistently slow. It usually only takes about six months to figure out the segment into which a new business customer will fall.

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Credit and Collections Accounts Receivable (AR) Shared Service Center Small Businesses 130

Your Virtual Credit Manager

DECEMBER 27, 2022

There are many other examples, so the question you must ask about every customer and every order they subsequently place has to do with where they stand in relation to the line the separates those who are creditworthy and those who are not. Please share this newsletter with your small business customers.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 130

Your Virtual Credit Manager

DECEMBER 6, 2022

If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you. it just might help them pay you sooner!

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DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

FEBRUARY 28, 2023

While bankruptcy filings have not increased substantially in the past year, they have begun to tick up and it is widely anticipated that filing will continue to increase as pandemic relief is finally spent, revenues decrease due to a faltering economy, and costs increase due to inflation and rising interest rates.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

MAY 2, 2023

Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. There are several ways to mitigate the risk of extending credit on open terms. economy grew at 1.1%

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 100

Your Virtual Credit Manager

MARCH 19, 2024

Whether you have automated the collection process or not, mapping out collection strategies for the different types of customers in your accounts receivable (AR) portfolio is an accepted best practice. More About Purchasing Credit Reports Please feel free to share this newsletter with your small business customers.

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Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Your Virtual Credit Manager

APRIL 2, 2024

As such, they are just one of the many tools, such as credit reports, supplier and bank references, and financial statement analysis, that can help assess a business's creditworthiness. Commercial credit scores are often not as well understood as consumer credit scores such as FICO. it just might help them pay you sooner.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Effectively managing accounts receivable (AR) is essential for a company's financial well-being. Poor receivables performance affects cash flow, and it is no secret that cash flow problems are the leading cause of business failures. it just might help them pay you sooner!

Credit and Collections 130

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

Your Virtual Credit Manager

APRIL 30, 2024

In addition, extended terms increase your exposure to customer bankruptcies and the resulting non-payment. Also, once granted, extended payment terms are very difficult to rescind. The experts at Your Virtual Credit Manager are currently offering 33 percent off our standard small business consulting rates.

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Credit and Collections Accounts Receivable (AR) Credit Risk Bankruptcy 100

Fundera

MARCH 26, 2018

Practically no one would call the process of getting a small business loan “simple.” You’ll have to meet a ton of different business loan requirements , which change depending on the loan product you want. But for the vast majority of small business loans , the lender will at least look at your credit score.

Credit Scoring 71

Credit Scoring Credit and Collections Accounts Receivable (AR) Small Businesses 71

Your Virtual Credit Manager

APRIL 15, 2025

The simple truth of the matter is that cash flow problems are the primary cause of bankruptcies. We are also dealing with elevated interest rates and a dearth of traditional bank lending to small businesses. Learn More About Credit Reports Please share this newsletter with your small business customers.

AR Aging 130

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

Your Virtual Credit Manager

FEBRUARY 11, 2025

small businesses are financially distressed, and better than 6 of 10 of those businesses are carrying revolving debt on their credit cards—not a good sign. Not surprisingly, business failures are on the upswing. According to J.D Power, slightly over half of U.S. Share Read more

Accounts Receivable (AR) 130

Accounts Receivable (AR) Credit and Collections Bankruptcy Credit Management 130

Your Virtual Credit Manager

MARCH 26, 2024

New and small businesses, moreover, have high failure rates. Historically, only half of all new businesses make it to their fifth anniversary. Meanwhile, the number of commercial bankruptcies is accelerating. Learn More About Credit Reports Please feel free to share this newsletter with your small business customers.

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Bankruptcy Bad Debt Credit Scoring Chapter 11 130