RMAi Blog

OCTOBER 18, 2024

As Director of Business Development at National Credit Adjusters, LLC , my involvement with the Receivables Management Association International (RMAI) has been important to my career in receivables management and greatly beneficial to the success and continual improvement of our industry and collective industry organizations. It’s also been a valuable avenue for my personal and professional growth as an individual, providing the supportive and inspiring professional community and membership tha

Law Firms 130

Law Firms Credit and Collections 130

Abrigo

OCTOBER 18, 2024

Effective SAR narratives don't just happen Suspicious activity report writing is a skill that needs development. Effective SARs are created through conscious effort and diligence. Learn industry best practices for writing compelling SAR narratives to support your AML/CFT efforts. The importance of comprehensive SAR narrative writing Back in elementary school, most of us were taught that a good story includes the who, what, where, when, why, and how of the events it describes.

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Transactions 88

biz2credit

OCTOBER 18, 2024

The last few weeks of storms have pounded states across the Atlantic including Florida, Georgia and the Carolinas, leaving millions scrambling for resources like SBA disaster loans and other funding. The post Disaster Recovery Resource for Small Businesses Impacted by Recent Hurricanes published first on.

Small Businesses 64

Small Businesses 64

Due

OCTOBER 18, 2024

A man who operated a fake prize transnational scam has been sentenced to 98 months and fined $700,000. According to court documents, Jose Alejandro Zuñiga Cano, the man at the heart of the matter, was alleged to have run a Peruvian call center that attempted to defraud 1,100 Spanish-speaking United States residents. He was also accused of harassing these residents with falsified arrest threats, court proceedings, and immigration consequences.

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CreditStrong for Business

OCTOBER 18, 2024

The Intelliscore Plus credit score is a business credit score created by Experian, which is one of the major business and consumer credit bureaus. The newest version of the Intelliscore Plus has a range of 300 to 850, which aligns with most personal credit score ranges. But older versions, which are more commonly used by commercial lenders, range from 1 to 100, with a good score starting at 76.

Credit Scoring 52

Credit Scoring Bankruptcy Credit and Collections Small Businesses 52

Due

OCTOBER 18, 2024

Late career changes are more common than you think. With many opportunities available in the job market, transitioning careers can enhance your job satisfaction and increase your income. Yet, what does a transition mean for your retirement savings? While a new career path can offer more fulfillment, it’s important to consider this change’s impact on your retirement plans.

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Transactions 52

CreditStrong for Business

OCTOBER 18, 2024

One of the most often-repeated bits of business wisdom is that it takes money to make money. While that’s not a hard and fast rule, it’s safe to say that having some extra cash available improves your chances of starting and running a successful business. Fortunately, your startup capital doesn’t have to come from your own bank account. You can get funding from countless external sources.

Credit Unions 52

Credit Unions Small Businesses Credit Scoring Transactions 52

Due

OCTOBER 18, 2024

Energy Investment opportunities abound with the impact of AI, and this is an unexpected corner. One such opportunity has recently been gaining significant traction—the energy sector, specifically energy infrastructure. This sector has been thrust into the limelight due to the increasing energy demands of tech giants. These companies are in a constant race to power their Artificial Intelligence (AI) technologies, creating a unique investment opportunity.

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Default 52

CreditStrong for Business

OCTOBER 18, 2024

The North American Industry Classification System (NAICS) organizes businesses into groups based on their offerings and activities by assigning them six-digit codes. Lenders often use these NAICS codes to gauge businesses’ risk factors. As a result, they can have a significant impact on your chances of qualifying for funding. Here’s what you should know about these codes, including which ones lenders consider high-risk NAICS codes, how they affect your ability to get financing, and what you can

Electronic Funds Transfer 52

Electronic Funds Transfer Credit Scoring Credit and Collections Credit Unions 52

Reorg Blog

OCTOBER 18, 2024

The Second Circuit affirmed district court and bankruptcy court rulings dismissing fraudulent transfer claims because the transaction in question qualified for the Bankruptcy Code’s safe harbor for securities contract transactions.

Bankruptcy 52

Bankruptcy Transactions 52

CreditStrong for Business

OCTOBER 18, 2024

A small business owner can’t always get away with using their personal credit score to demonstrate their creditworthiness. Vendors and lenders also often consider business credit scores, including the popular Dun & Bradstreet PAYDEX Score. If you’re a business owner, here’s what you need to know about your PAYDEX Score, including what behaviors affect it, when and how others use it, and what qualifies as a good one.

Credit Scoring 52

Credit Scoring Transactions Insurance Companies Small Businesses 52

Reorg Blog

OCTOBER 18, 2024

Legal Research: Josh Neifeld Relevant Document: Summary Order On Sept. 19, the U.S. Court of Appeals for the Second Circuit issued a summary order in the case of Holliday v. Credit Suisse, a $720 million fraudulent transfer suit that arose from Boston Generating’s 2010 bankruptcy.

Bankruptcy 52

Bankruptcy 52

CreditStrong for Business

OCTOBER 18, 2024

There is no universally accepted “good” Paynet Score. Yet lenders that use PayNet Scores will typically consider a PayNet MasterScore of 700 or higher to indicate a low level of credit risk. PayNet® is a business credit reporting agency that maintains a database of more than 25 million small business contracts — small business loan accounts, business leases, and business lines of credit.

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Default Credit Risk 52

Due

OCTOBER 18, 2024

From a young age, we learn that customization creates a special sense of ownership in our possessions. Vacation outlet malls offer a variety of custom keychains, mugs, and shirts inscribed with your name, while businesses like Build-a-Bear cater to an audience that’s willing to pay premium pricing for a toy uniquely tailored to their preferences. Over the past few decades, the consumer goods industry has seen a significant rise in financial gain through customization.

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Small Businesses Transactions 52