Tue.Feb 25, 2025

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Tackling Customers that Always Pay Late

Your Virtual Credit Manager

There are three types of customers: those that always pay on time, those that sometimes pay on time, and those that never pay on time. A customer that pays on time does not require any collection efforts. Those who sometimes pay on time only require a collection effort when they pay late; getting them to pay is usually not difficult. Customers who chronically pay late are another matter, especially those who regularly pay well beyond your terms of sale.

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Small business loan processing: Automate back-office tasks

Abrigo

Manual back-end steps bog down loan approvals Financial institutions can make financial analysis, risk rating, pricing, and other steps for processing small business loans less painful. Automating the key steps that often occur in the back office leads to faster decisions, stronger customer or member relationships, and more profitable lending to small businesses.

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Building a Retirement Nest Egg Through Freelancing: 9 Strategies for Independent Workers

Due

People often dream of the ability to work for themselves setting their own hours, choosing projects they enjoy, working from anywhere, and pursuing other passions on the side. For many, this working arrangement leads to a much better work-life balance and less stress than they typically experience in traditional careers. However, despite having more control over their personal and professional lives, one thing doesnt change retirement planning.

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Best Credit Card for Building Credit Score—5 Recommendations

CreditStrong for Business

Building a strong credit history is crucial to achieving your financial goals, and the right credit card can help you meet them faster. Credit builder cards assist in growing or rebuilding your credit and can help you stay on track to improve your credit score. Understanding how these cards work and knowing what to look out for will be useful in choosing one that helps you establish credit, qualify for loans, and unlock exclusive rewards.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Silicon Valley Companies Investing Heavily in Humanoid Robots

Due

The release of Tesla Optimus humanoid robots took the world by storm. These robots can do laundry, the dishes, clean up around the house, and in some cases, can look after your kids. This excitement and hype around these robots are leading silicon valley companies to invest heavily in these robots. Tech Companies to Invest in Humanoid Robots Initially the major companies investing in these robots were Amazon, Google, Microsoft, NVIDIA , and Tesla.

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What is a soft credit check? Soft pull vs hard pull

Chaser

When applying for a business loan or credit card, you may encounter two types of credit checks: soft pulls and hard pulls. Understanding the difference between the two is crucial as they can impact your credit score.

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5 Credit Score Improvement Services That Could Boost Your Credit

CreditStrong for Business

Whether youre building back your credit from past damage or starting from scratch, you may need expert help navigating the process. Credit improvement services offer expert assistance in reviewing your credit report and disputing errors with the agencies. They may even offer to negotiate with lenders on your behalf. But as tempting as this seems, not all companies that offer to clean up your score are legitimatesometimes, they may not deliver the results they promise.

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Navigating Credit Risks in 2024: A Wake-Up Call for Credit Managers

Credit Tools

The Altares report reveals a record explosion in insolvencies in 2024, accentuating non-payment and insolvency risks. The challenges for Credit Management and key strategies for securing receivables.

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Does Increasing Your Credit Limit Affect Your Credit Score—A Beginners’ Guide

CreditStrong for Business

Does increasing the credit limit affect the credit score ? The answer typically depends on many factors, including how high or low your credit utilization is and what happens after you request a raise. If youre considering asking for an increase in your limit, begin by weighing the benefits and potential drawbacks of a credit increase. Knowing when to do so and if you should raise your credit limit is also important to avoid damaging your credit score.

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Fuel business growth with the easiest business loans and financing available

Credibly

What counts as an easy business loan or financing? The easiest business loans to getranked by loan requirements Merchant cash advance Working capital loans Business line of credit SBA loans Long-term loans Ready to secure the funding you need to grow your business? Every business owner knows that keeping cash flow steady can be a challenge. Whether you’re facing unexpected expenses, slow-paying customers, or a seasonal dip in sales, having access to fast funding can make all the differ

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If a Collection Account Is Deleted, Does Your Credit Score Increase—Answered

CreditStrong for Business

If a collection account is deleted, does your credit score increase ? The short answer is that it depends on the credit-scoring model used to evaluate your credit. If a collection account appears on your credit, it highlights a crucial issue with your financial health, which you should immediately work to improve. Understanding how to avoid entering collections and how to improve your score for the long term is vital to maintaining healthy credit.

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How Many Points Does a Mortgage Raise Your Credit Score—Explained in Detail

CreditStrong for Business

If youre about to apply for a mortgage loan, you are most likely concerned about how the loan will affect your credit score. This is because your credit score significantly influences your financial prospects and your chances of qualifying for loans, lower interest rates, cash back rewards, and travel points. It can also contribute to the mortgage approval process and the strictness of your payment terms.

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The Top 5 Apps To Improve Your Credit Score

CreditStrong for Business

If youve been struggling to raise your credit score or are just starting to build your credit history, you may need a helping hand. Credit building platforms are designed to help you improve your credit score by providing educational resources, tracking your progress, and helping you make on-time payments. With a credit building app, you can take charge of your credit history and positively impact your score, opening the door to better financial opportunities, interest rates, and more.

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Does Your Credit Score Go Up After Inquiries Fall Off—Answered

CreditStrong for Business

Does your credit score go up after inquiries fall off ? The answer to this question depends on a few factors, including the time it takes for the inquiry to fall off. While it may be concerning to see your credit score take a small dip after applying for a new credit line, understanding why this change happens can help you take steps to repair your score.

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How To Improve Your FICO Credit Score in 7 Clear Steps

CreditStrong for Business

Your FICO score isnt a random number lenders like to ask aboutits a gateway to a more secure financial future. Your credit score is a reflection of your financial activities and behaviors, a useful tool for opening doors to financial opportunities or a roadblock to achieving your financial goals. If youre hoping to secure better interest rates or qualify for a mortgage , the three digits that make up your credit score can significantly define your chances of success.