Your Virtual Credit Manager

FEBRUARY 18, 2025

(Photo by Markus Spiske on Unsplash ) When there are time constraints that forestall additional research, denying credit or requiring collateral or some other security is the best way to avoid a decision that results in delinquency and a potential bad debt loss.

Credit Application 130

Credit Application Credit and Collections Bad Debt High-Risk Accounts 130

Your Virtual Credit Manager

DECEMBER 31, 2024

While emails are often used, phone calls can be more effective, especially for high-risk accounts. Bust-Out Schemes : Criminals establish fake businesses, submit fraudulent credit applications, make small payments to build trust, then divert large orders and dissappear, turning receivables into bad debts.

Collector 130

Collector Credit and Collections Bad Debt High-Risk Accounts 130

Gaviti

FEBRUARY 4, 2025

In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies. Use data-driven insights to improve customer segmentation and prioritize high-risk accounts. Consistency in credit processes reduces bad debt and fosters healthier customer relationships.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics DSO 59

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Photo by Willian Cittadin on Unsplash ) Neglecting collections can also lead to longer payment cycles, strained client relationships, and an increase in bad debt. This delay in cash inflows can create a vicious cycle, where a lack of working capital stalls the business’s ability to function efficiently.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Bectran

MARCH 5, 2025

The accumulation of bad debt is a massive hindrance for businesses that rely on consistent cash flow in their accounts receivable. Piling bad debt reduces your companys expected revenue and limits your ability to reinvest liquidity into business operations. The Bad Debt Spiral.

Bad Debt 52

Bad Debt High-Risk Accounts Credit and Collections Default 52