Your Virtual Credit Manager

OCTOBER 15, 2024

Companies are increasingly under duress, especially small and medium-sized businesses (SMBs). While profitability at the largest corporations has risen, it has been falling at firms with revenue below $1 billion. Roughly two-thirds of firms in this cohort are operating a breakeven or worse. While the Fed has finally loosened interest rates, the cost of commercial loans are expected to remain well above the levels experienced prior to the Covid pandemic.

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Chapter 11 Bad Debt Accounts Receivable (AR) Bankruptcy 100

Regal Credit Management

OCTOBER 15, 2024

Photo by John Schnobrich on Unsplash Recently, we have seen a rise in fraudulent letters or email scams being sent to our clients. These letters often claim that the sender has compromising information about the recipient and use fear tactics to demand payment or action. While the threats are typically baseless, the real concern lies in the amount of personal information these scammers have—information they likely obtained from data broker reports.

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Cybersecurity 98

Abrigo

OCTOBER 15, 2024

Day 2 accounting and mark-to-market values How banks and credit unions involved in business combinations can overcome issues related to recognizing income in a changing-rate environment. You might also like this whitepaper, "Valuation and purchase accounting in a dynamic macroenvironment." DOWNLOAD Takeaway 1 An often-overlooked component of purchase accounting for banks and credit unions is the ongoing income recognition tied to mark-to-market values.

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Credit Unions CECL 97

Due

OCTOBER 15, 2024

How can individuals plan for retirement when they don’t know when they will see their next paycheck? Many conventional budgeting tips and savings goals don’t apply to them. Understanding if earning an irregular income affects your future is vital. More importantly, you should know how to achieve financial stability before retirement. Here are some things people with unconventional incomes should keep in mind when planning an effective retirement strategy.

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Brokerages 52

Reorg Blog

OCTOBER 15, 2024

Relevant Document: Voting Declaration Class 3 prepetition mezzanine claims voted to accept the Basic Fun! debtors’ plan of reorganization, according to a declaration filed today. Class 3 claims are the only class of claims eligible to vote on the plan.

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OCTOBER 15, 2024

Investing is often perceived as a complex and intimidating concept, even by many adults. However, a recent encounter with a five-year-old girl, fresh off her birthday celebration, revealed that investing might not be as complicated as it seems. This story begins with the young girl who, after receiving some birthday money, expressed her desire to invest it.

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NorthOne

OCTOBER 15, 2024

Small businesses are increasingly turning to digital banking solutions for their financial needs. As they do, they’re finding a wide array of options designed specifically to help them, including Novo, The post The 6 Best Novo Bank Alternatives in 2024 appeared first on North One Blog.

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Small Businesses 52

CreditStrong for Business

OCTOBER 15, 2024

More than 60% of lenders that provide auto financing now also offer auto loan refinancing options for drivers with existing car loans. Individuals wanting to refinance a bad credit car loan that still have a low credit score might be disappointed. Obtaining better interest rates than your existing loan is much more likely when your credit history and credit score have improved.

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Credit Scoring Credit Unions Credit Reporting Agencies Default 52

NorthOne

OCTOBER 15, 2024

As a small business owner, you may have heard the phrase “revenue is vanity, profit is sanity.” Yet, many entrepreneurs find themselves trapped in a cycle of increasing sales without. The post Profit First Percentages: How to Find Them for Your Small Business appeared first on North One Blog.

Small Businesses 52

Small Businesses 52

CreditStrong for Business

OCTOBER 15, 2024

Credit cards are one of the most popular payment methods for their convenience, interest-free grace period, and cashback rewards. However, using them means taking on credit card debt, and how you pay it off significantly impacts your credit score. Let’s explore the various approaches to repaying your card balances and determine the best way to improve your credit score.

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NorthOne

OCTOBER 15, 2024

As you explore options for a banking partner, you might be considering whether a Capital One business account is the right fit for your business. Capital One is a traditional. The post Capital One Business Account Review 2024 appeared first on North One Blog.

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CreditStrong for Business

OCTOBER 15, 2024

Consumers with no credit history or credit score face similar challenges as those with a poor credit history or bad credit score. Many lenders view borrowers with no credit history as risky and are reluctant to issue a loan approval to these applicants. Fortunately, several strategies exist for establishing credit and developing an excellent credit history.

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Credit Scoring Credit Unions Insurance Companies Small Businesses 52

NorthOne

OCTOBER 15, 2024

Choosing a business banking account is one of the first big decisions you’ll make as a business owner, and it can have lasting consequences. A great baking partner will simplify. The post Navy Federal Business Account Review: Pros, Cons & Comparison appeared first on North One Blog.

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CreditStrong for Business

OCTOBER 15, 2024

An authorized user is an individual that can make purchases using your credit card account. However, unlike a joint account holder, they’re not legally responsible for paying back the debts that either of you incurs. Notably, in addition to giving them access to your credit line, adding someone as an authorized user can help their credit. Here’s everything you should know about the process, including how it works, the risks, and the alternatives.

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Credit Scoring Credit Card Companies 52

NorthOne

OCTOBER 15, 2024

Amazon Business customizes the well-known Amazon shopping experience to meet the unique needs of companies. Since its launch in 2015, it has become a preferred marketplace for over five million. The post What is Amazon Business? Account Benefits & Costs appeared first on North One Blog.

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OCTOBER 15, 2024

It’s Father’s Day , a day to honor and appreciate the incredible dads in our lives. However, sometimes extravagant gifts and gestures aren’t always within our budget. The good news is that you can still celebrate Dad like a king without breaking your bank account. With that said, the following blog post has tons of creative and budget-friendly ideas for making his day even better.

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NorthOne

OCTOBER 15, 2024

When you’re looking for the right business checking account, it’s important to research all your options. From large institutions to digital-first banks, there are dozens of business accounts to choose. The post Does Ally Offer a Business Checking Account? appeared first on North One Blog.

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OCTOBER 15, 2024

Corporate innovation can come from many directions; including acquisition. That’s why so many companies have set up innovation hubs to serve as internal research and development units. However, trying to fuel innovation from within can be time-consuming and costly. Plus, it’s not guaranteed to work, even if you have a dream team of adaptable thinkers, because of the accelerating market dynamics in almost every industry.

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Transactions 52

NorthOne

OCTOBER 15, 2024

Are you on the hunt for the perfect bank for your small business? With a multitude of traditional, digital, and alternative options available, the selection process can be overwhelming. To. The post PNC Bank Business Account Review 2024 appeared first on North One Blog.

Small Businesses 52

Small Businesses 52

Grit

OCTOBER 15, 2024

Managing backorders can be challenging for running an online store, especially when using platforms like BigCommerce. As customer expectations rise and competition intensifies, effective strategies for handling backordered items are essential for maintaining customer satisfaction and optimizing sales. In this blog post, we’ll explore practical tactics to manage items on backorder in BigCommerce, ensuring your business remains agile and responsive while keeping your customers informed and engaged

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NorthOne

OCTOBER 15, 2024

When you’re opening a business checking account, choosing the right features and fee structures is key. Square, a popular financial payment processor, now offers Square Checking accounts. While Square, Inc. The post Square Checking Account Review: Pros, Cons, & Requirements appeared first on North One Blog.

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Onguard

OCTOBER 15, 2024

Digitalisation and vulnerability are two sides of the same coin. When we lock our doors leaving the house but skip the 2FA setup to secure our digital assets, it’s time to “act the other way around” on security and start learning from the younger, said Adriaan Kom, Managing Director, Onguard, in an article posted on VCMB (Association of Credit Management Companies).

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Cybersecurity Credit Management 40

Accounting Department

OCTOBER 15, 2024

Navigating the complex world of non-profit accounting can feel like a daunting task for many non-profit managers. The stakes are high as effective accounting not only keeps the organization compliant but also plays a crucial role in fulfilling its mission. For non-profits striving to maximize their impact, understanding and overcoming common accounting challenges is essential.

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Small Businesses 85

NorthOne

OCTOBER 15, 2024

There are dozens of banks catering to businesses. So which one should you choose? BMO Harris is the eighth-largest bank in North America by assets. Founded in 1817, it offers. The post BMO Harris Business Account Review: Pros & Cons appeared first on North One Blog.

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