Your Virtual Credit Manager
FEBRUARY 13, 2024
After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Department of Justice projects a substantial increase in bankruptcy filings. Trustee Program has estimated that bankruptcy filings will double over the next three years.
Fundera
JUNE 15, 2018
According to Experian, <1% of consumers with excellent credit scores might become delinquent on payments in the future. About 1% of consumers with very good credit scores might become credit risks in the future. About 9% of people with good credit scores might become seriously delinquent in the future.
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Fundera
DECEMBER 12, 2018
According to Experian, <1% of consumers with excellent credit scores might become delinquent on payments in the future. About 1% of consumers with very good credit scores might become credit risks in the future. About 9% of people within the good credit score range might become seriously delinquent in the future.
Your Virtual Credit Manager
MARCH 21, 2023
This ties into all the Covid startups and the lack of bankruptcies while stimulus funds were available. Commercial bankruptcies have only started to slowly tick up the past six months after 18 months of record lows. This is another reason to re-evaluate the credit risks lurking in your AR portfolio.
Abrigo
JANUARY 29, 2020
The stress on profitability led to a significant number of farm exits (47.7%) and higher levels of Chapter 12 bankruptcy filings (24.7%), the chapter of the U.S. bankruptcy code specifically designed to protect farmers and fishers. Prudent underwriting practices are a fundamental element of ensuring credit quality. Credit Risk.
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