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Red Flags Revealed by Your Customers' Financial Statements

Your Virtual Credit Manager

Understanding the early warning signs of financial distress is therefore essential for mitigating AR portfolio risk. To continue reading and learn six financial markers that suggest a customer’s business is headed in the wrong direction, you must be a paid subscriber to Your Virtual Credit Manager.

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A Strong Loan Review System Is Good for Your Business

Abrigo

Key Takeaways Effective credit risk review promotes lending agility. Many of the objectives of a credit risk review system support business goals. But beyond making it easier to pass examiners’ scrutiny, is a strong loan review system good for your bank or credit union’s business? Identify problem loans early.

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What Is a Trade Reference? 

CreditStrong for Business

New lenders or suppliers might also review a trade reference letter when you fill out a credit application. Looking over your past payment history on other accounts can help these businesses determine whether your company is a good credit risk. They can help your company establish positive business credit.