Your Virtual Credit Manager

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. Commercial credit scores are often not as well understood as consumer credit scores such as FICO.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Your Virtual Credit Manager

JANUARY 23, 2024

Among other things, commercial bankruptcies have been steadily climbing over the past year. Learn More About YVCM Consulting Case Study: Portfolio Monitoring Pays Off Big-Time About 25 years ago, a credit manager I know saved his company from a seven-figure bad debt loss by monitoring the Internet on his biggest customers.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

CreditStrong for Business

SEPTEMBER 4, 2024

Making the decision to file for bankruptcy is far from easy. The trade-off for having your debt eliminated is a long-lasting derogatory mark on your credit report identifying you as a huge credit risk. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy.

Bankruptcy 52

Bankruptcy Chapter 7 Credit Scoring Credit Reporting Agencies 52

CreditStrong for Business

JULY 11, 2024

It’d be helpful if you get it, but you’re probably wondering what credit score you need to get a small business loan. In this article, we’ll cover the different types of business loans and the credit expectations for each. It’s important to make sure your credit score is in the best place to get the loan you want.

Credit Scoring 52

Credit Scoring Small Businesses Credit Unions Bad Debt 52

Your Virtual Credit Manager

SEPTEMBER 12, 2023

For lower credit limit requirements you will need to rely on the account’s payment history, available from their references and on their credit bureau report, or possibly a credit score. When unobserved risks build up in your AR, the impact will be slower payments and defaults leading to bad debts.

Credit and Collections 130

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

Know-It Global

JUNE 20, 2023

Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. This is where business credit checking comes into play. 3: Debt Recovery and Minimising Bad Debt 3.1

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19

Due

MARCH 3, 2023

These funds could be used to pay off a credit card debt or pad your savings. When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. If you aren’t in that bad of financial shape, consider dining out or getting takeout less often. Your credit score is 579 or lower.

Credit Scoring 105

Credit Scoring Bankruptcy Medical Billing Brokerages 105