Remove Credit and Collections Remove Credit Scoring Remove Transactions
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Holiday Collection Policy Tips from the RevCycle Heroes

RevCycle

Utilize payment gateways: Integrate secure payment gateways into your website or invoicing system for seamless online transactions. Targeted Collection Strategies Segment your customer base: Identify customers who are more likely to become delinquent and focus your communication and collection efforts on them.

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Understanding Your Business Credit Score Range

Lendio

A personal credit score determines the level of risk that comes with lending to you. You use it to apply for credit cards and other financing options to cover major purchases. Like personal credit , business credit takes time to build. Like personal credit , business credit takes time to build.

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Leveraging Automation for Customer Credit Scoring

Lockstep

In today’s economy, it is essential to be able to allocate credit where it is needed most. based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance. Issuing too much credit to the wrong customers can lead to disastrous outcomes. .

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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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Do Your Customers Deserve Credit?

Your Virtual Credit Manager

For example, there are firms burning through their cash reserves that may still be considered worthy of credit on their next order, but not the order that comes in three months from now. A customer can be paying you with no problems, but then their bank line of credit comes up for review and is drastically cut back by the bank.

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What Triggers Your Collection Efforts?

Your Virtual Credit Manager

If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.

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The Credit Score Guide: How Raising Your Score Can Save You Thousands on a Loan

Fundera

That’s right: your personal ( not business) credit score matters more than anything else. In this credit score guide, we’ll take a look at why your credit score matters, how it affects your business financing, and what improving your credit can do. What’s a Credit Score? Quick Reminder.