Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. With so many competing priorities, it’s easy for receivables to take a backseat to other pressing operational tasks. However, failing to dedicate sufficient time and effort to collections can quickly lead to cash flow problems, disrupting the ability to pay suppliers, invest in growth, or even meet payroll.

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Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Abrigo

SEPTEMBER 17, 2024

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 As financial institutions anticipate rate cuts, many are questioning how to structure their lending and ALM strategies accordingly.

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CECL Credit Unions Credit Risk 88

Due

SEPTEMBER 17, 2024

Prospective homeowners have something to look forward to in the coming months. The average mortgage rate across the United States has started to decline in recent weeks, with experts suggesting this trend will continue well into the remainder of the year and much of 2025. Mortgage rates have been at historically high levels for much of the last couple of years.

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Credit Scoring 98

CreditStrong for Business

SEPTEMBER 17, 2024

A conventional home loan is the most common loan product offered by mortgage lenders, making up roughly 64% of the market. Conventional mortgage loans typically require higher credit scores than government-backed loans, but there are also many advantages to going with conventional mortgages. We’ll discuss these factors below. What is the Required Minimum Credit Score for a Conventional Loan?

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Credit Scoring Credit and Collections Credit Unions Default 96

Accounting Department

SEPTEMBER 17, 2024

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

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Small Businesses 91

Reorg Blog

SEPTEMBER 17, 2024

Focus Financial Partners is issuing senior secured notes due 2031. Proceeds of the bonds will be used to pay a $550M cash distribution to shareholders and to refinance existing term loan and revolving debt.

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Due

SEPTEMBER 17, 2024

A South Dakota Surgical Hospital is pay $12.7m to settle allegations that it violated governmental regulations. Siouxland Surgery Center LLP, which delivers its business practices as Dunes Surgical Hospital (Dunes), United Surgical Partners International Inc. (USPI) and USP Siouxland Inc, is central to the False Claims Act settlement. USPI, part-owned Dunes, which is embroiled in what the Justice Department reported as, “improper financial relationships between Dunes and two physician groups.

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Reorg Blog

SEPTEMBER 17, 2024

Reporting: Hugh Minch The first half of 2024 was a bull market for CLOs with new issuance in the US reaching $101 billion, up over 75% from the same period in 2023, according to Reorg’s CLO issuance data.

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SEPTEMBER 17, 2024

United Kingdom gambling company Playtech watched shares soar 14% after a court battle with Mexican operator Cali Interactive came to a close. The legal battle between both betting heavyweights had rumbled on for more than a year through the courts of England, the United States, and Mexico. It centered around Caliplay, a joint investment in which Cali Interactive controlled the market in Mexico, and Playtech provided a lease for its proprietary software.

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Reorg Blog

SEPTEMBER 17, 2024

The post Primary High Yield: Shearer’s Foods Unsecured Notes Due 2032 Include High-Water Mark Provisions, 90% Threshold for Fundamental Changes, Other Aggressive Terms appeared first on Reorg.

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CreditStrong for Business

SEPTEMBER 17, 2024

Small businesses around the world use the D-U-N-S number, or DUNS number, as a unique identifier, allowing potential partners and lenders to access certain information about them, including a credit history. Whether you’re just starting to build your business or you’ve been operating for some time, here’s what you need to know about the DUNS number and when to get one.

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Credit Scoring Credit Reporting Agencies Small Businesses 52

Reorg Blog

SEPTEMBER 17, 2024

Legal Research: Mitch Oates Relevant Items: Secured Notes Due 2031 Primary Covenant Analysis Preliminary Offering Memorandum Focus Financial Partners is issuing senior secured notes due 2031 (the “2031s”).

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CreditStrong for Business

SEPTEMBER 17, 2024

Your credit impacts your life in more ways than you might think. Not only can a bad score limit your access to affordable financing, but it can also be a red flag to prospective employers, landlords, and even romantic partners 1. Fortunately, no credit score is so low that you can’t fix it. If yours isn’t quite where you want it to be, here’s everything you need to know about how to build credit.

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Credit Scoring Credit Application Credit Unions Credit Card Companies 52

Due

SEPTEMBER 17, 2024

The financial market is dynamic, constantly evolving, and reacting to various factors. The Federal Reserve’s interest rate decision is one of the most influential factors. The anticipation and uncertainty surrounding this decision can cause significant fluctuations in the market, as evidenced by the market’s worst week of the year two weeks ago, followed by its best week of the year last week.

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CreditStrong for Business

SEPTEMBER 17, 2024

Most negative credit report entries, such as late payments, that appear on your credit history with the major credit bureaus remain there for seven years. If you want to know how to rebuild credit, you can start by making timely payments on all available credit accounts and using other strategies explored in this article. 7 Strategies To Rebuild Credit The first step to rebuilding credit involves obtaining a recent copy of your credit report.

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Credit Scoring Chapter 7 Credit and Collections Bankruptcy 52

Chaser

SEPTEMBER 17, 2024

Continuous accounts receivable, also known as chronic accounts receivable, refers to the inability of a business to collect outstanding invoices from customers in a timely manner. This can lead to a number of problems, including cash flow issues, increased risk of bad debt, and damage to customer relationships.

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CreditStrong for Business

SEPTEMBER 17, 2024

With interest rates rising, homes for sale inventory rising, and home prices in many markets falling, now is a good time to purchase your first home if you’ve been sitting on the sidelines during the ‘hot’ market. If you’re interested in taking advantage of the opportunity, here’s how to qualify for a home loan as a first time buyer. What Qualifies You as a First Time Buyer?

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Credit Scoring Default 52

Reorg Blog

SEPTEMBER 17, 2024

Shearer’s Foods is issuing senior notes due 2032 (the “2032s”), to be issued by subsidiary entity Fiesta Purchaser Inc. (the “Issuer”).

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CreditStrong for Business

SEPTEMBER 17, 2024

You’ve been scrolling through Zillow and Redfin looking for the perfect place and now you’re ready to find out what it takes to qualify for a mortgage. You know your credit score plays a big part in this but what about your credit history, debt to income ratio, additional assets, and employment status? Find out what you need to get a handle on and what the best mortgage options might be for you.

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