Your Virtual Credit Manager

JANUARY 7, 2025

Accelerating sales can increase DSO, but most often the cause is problems in the order-to-cash (O2C) pipeline affecting collections. While multiple factors can contribute to an organization's financial downfall, insufficient cash flow is typically the primary trigger for bankruptcy proceedings. Need help improving cash flow?

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit and Collections Accounts Receivable (AR) 130

Fundera

AUGUST 26, 2018

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. Many business owners need to know how to recover from business credit card debt.

Chapter 11 65

Chapter 11 Bankruptcy Chapter 7 Credit Card Companies 65

CreditStrong for Business

SEPTEMBER 12, 2024

Late payments can happen to the best of us, whether it’s due to a job loss, financial crisis, or a financial emergency. Unfortunately, regardless of the reason, they will affect your credit score. Still, you may be wondering—how long do late payments stay on your credit report? What Is Considered as a Late Payment?

Credit Scoring 52

Credit Scoring Credit Card Payments Credit and Collections Bankruptcy 52

CreditStrong for Business

MARCH 10, 2023

Late payments remain on your credit bureau report and influence your credit score for seven years. Entries showing late payments remain for the duration, regardless of whether you pay the past due amount or not. Equifax, Experian, and TransUnion, the three major credit bureaus, compile the data that creditors report.

Credit Scoring 52

Credit Scoring Credit Card Payments Bankruptcy Chapter 7 52

CreditStrong for Business

AUGUST 16, 2024

In the business credit world, there are five main credit reporting agencies. These credit bureaus gather information about your company and resell it to others that want to predict the risk of loaning money to your company. It’s wise to understand who the business credit bureaus are and how they operate.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit Scoring Credit and Collections Bankruptcy 52

Fundera

MARCH 28, 2018

You probably know how important your credit score is when you’re applying for a small business loan. But with all of the surprising ways you can damage your credit, that number might come as a surprise when it pops up on your application. What Your Credit Score Is, and Why It Matters: A Quick Rundown.

Small Businesses 88

Small Businesses Credit Scoring Default Credit and Collections 88

Fundera

MARCH 26, 2018

And among those fluctuating factors might be a minimum credit score for loan eligibility. But for the vast majority of small business loans , the lender will at least look at your credit score. Credit scores are a crucial factor in the loan underwriting process, since they help determine how trustworthy a borrower really is.

Credit Scoring 71

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