RMAi Blog
AUGUST 16, 2024
On August 12, 2024, the New York City Department of Consumer and Worker Protection (DCWP) published its long-awaited amendments to the City’s Debt Collection Rule and an FAQ. DCWP has been working on revisions to this rule since November 2022. It was the subject of two public comment periods which RMAI and an industry coalition submitted detailed responses on December 19, 2022 and November 29, 2023.
Lendio
AUGUST 16, 2024
Multiple studies have found that small business owners are happier—and healthier—than traditional employees. Being your own boss can be stressful at times, but many people find the process to be exhilarating and more rewarding. The truth is, though, there are always going to be challenges to starting a new business—especially in your first year of operation.
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Grit
AUGUST 16, 2024
eCommerce has experienced tremendous growth, with McKinsey reporting that approximately 75% of US consumers have tried new shopping behaviors since the pandemic, and most plan to continue these behaviors. This trend underscores the importance of product differentiation for eCommerce businesses on BigCommerce to stay competitive and attract customers.
Due
AUGUST 16, 2024
A Missouri woman is facing federal charges for attempting to defraud the family of Elvis Presley. The fraud claims focus on the woman, Lisa Jeanine Findley, also known as Lisa Holden, Lisa Howell, Gregory Naussany, Kurt Naussany, Lisa Jeanine Sullins, and Carolyn Williams. According to court documents she attempted to defraud the famous family of millions of dollars and the rights to Graceland, the attraction they own.
CreditStrong for Business
AUGUST 16, 2024
Maintaining a strong business credit score is a long-term process. Yet when you’re first getting started, it may be possible to establish business credit quickly. You might be able to build business credit in 30 days or less with some business credit bureaus. But you may need to open multiple business tradelines to accomplish this goal. On-time payments are also a must if you want the credit score you earn to be positive.
Chaser
AUGUST 16, 2024
Late payments cost business in the UK £1.6 billion per year and the crushing financial pressure shows no sign of letting up. Data collected by Xero shows that the cost of unpaid invoices has doubled in the last two years alone. The average payment delay is also 6.1 days past the deadline, more than double what it was in 2021.
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biz2credit
AUGUST 16, 2024
As a small business owner, it’s important to be able to quickly access cash when you need it. But having enough liquid assets on hand—cash reserves, CDs, and money market accounts—doesn’t come automatically. It takes careful foresight and strategic planning. Without sufficient liquidity, business challenges can lead to operational disruptions, and growth opportunities might be … Continue reading "Best Practices for Liquidity Management in Small Businesses" The post Best Practices for Liqui
CreditStrong for Business
AUGUST 16, 2024
FICO® and VantageScore, the two primary credit scoring models, most commonly use a credit score range from 300-850. 850 is normally the highest credit score possible. However, some credit score ranges go up to 900. According to 2019 FICO credit score statistics , merely 1.6% of all U.S. consumers had achieved a perfect credit score. Fair Isaac Corporation (FICO) credit scores are the industry standard, used by roughly 90% of the institutions that provide auto loans, student loans, personal loans
CreditStrong for Business
AUGUST 16, 2024
You’ve been watching your FICO score like a hawk. Observing it climb from 700 to 720 to 750 with each set of improvements. Lowering utilization rates, paying off debt, cleaning up past credit mistakes – it’s difficult at times, but you’ve set a goal and you’re sticking to it. Go you! The next mountain in your sights? The 800 credit score club. If that’s your next goal, you’re probably wondering, “What can I do with a credit score of 850?
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