Your Virtual Credit Manager

JANUARY 7, 2025

While multiple factors can contribute to an organization's financial downfall, insufficient cash flow is typically the primary trigger for bankruptcy proceedings. If you tolerate slow payments at the beginning of the relationship, it will be harder to get them to change their habits later. Need help improving cash flow?

Days Sales Outstanding 130

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

Fundera

SEPTEMBER 13, 2016

On the other end of the spectrum, you have secured business credit cards. With secured business credit cards, cardholders need to put down a refundable cash deposit for collateral. That’s so, in the event that you default on your credit card payments, the credit card issuer can use the deposit you made to repay your debt.

Credit Scoring 103

Credit Scoring Credit Card Companies Credit Card Payments Default 103

Fundera

SEPTEMBER 13, 2016

On the other end of the spectrum, you have secured business credit cards. With secured business credit cards, cardholders need to put down a refundable cash deposit for collateral. That’s so, in the event that you default on your credit card payments, the credit card issuer can use the deposit you made to repay your debt.

Credit Scoring 103

Credit Scoring Credit Card Companies Credit Card Payments Default 103

Fundera

MARCH 28, 2018

Timely repayment across all types of credit. Details about late payments, such as why those payments were late, how recently they occurred, amount owed, and how many overall late payments are on your record. Bankruptcies, liens, foreclosures, and lawsuits. Credit Utilization. Defaulting on a loan.

Small Businesses 88

Small Businesses Credit Scoring Default Credit and Collections 88

Fundera

JUNE 5, 2018

Personal liability means that you’re personally responsible for paying off your business credit card debt in case the primary payer—aka your business—can’t. That personal liability is why you’ll be prompted to fill in personal information, including your Social Security Number, on your business credit card application.

Credit Scoring 71

Credit Scoring Default Small Businesses Credit Card Payments 71

Due

OCTOBER 23, 2023

For example, if you have a $73 credit card payment, add $7 to make it an even $80. In addition to making double payments next month, you’ll have to pay a late fee money you could have used to reduce your balance. Setting up automatic payments on your accounts is the easiest way to avoid late fees.

Credit and Collections 52

Credit and Collections Credit Scoring Bankruptcy Credit Card Payments 52

Fundera

MAY 22, 2018

Financing companies provide a lump sum of cash, which they calculate according to your business’s credit card receivables. In return, that financing company takes a percentage of your credit card sales. Collateralized loans are less risky to lenders, since they have a built-in safety net in case a borrower defaults.

Bankruptcy 40

Bankruptcy Business Bankruptcy Chapter 11 Credit Scoring 40