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Trade Credit Insurance for Businesses: Definition, Benefits & How It Works

TreviPay

SEPTEMBER 18, 2024

Without trade credit insurance, businesses face a higher risk of financial loss due to non-payment from customers, which can lead to the use of debit collector services to recover outstanding debts. These services either receive a percentage of the amount recovered or buy the debt from the business for pennies on the dollar.

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Complete Guide To Credit Control For Business

Know-It Global

JUNE 20, 2023

By verifying the financial standing of companies before engaging in any transactions, you can mitigate the risk of working with fraudulent or unreliable entities. This is particularly crucial for businesses involved in high-value transactions or partnerships where the financial stakes are significant.

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