article thumbnail

Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency.

article thumbnail

EverChain Patents Universal Due Diligence System Providing Unprecedented Visibility Into Client Network

RMAi Blog

When I founded EverChain in 2012, the debt sale and placement marketplace for default debt portfolios was inefficient and flawed,” Matthew Wratten, Chairman and CEO of EverChain said. Over the last decade, we’ve rapidly introduced truly market-changing products and services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Product Compliance in SAP S/4HANA Cloud, Public Edition 2308

SAP Credit Management

With the Process Compliance Disclosures – For Suppliers ( F7370 ) app, you can streamline the collection and consolidation of incoming compliance data for your suppliers based on corporate-wide compliance disclosures. Stay tuned!

146
146
article thumbnail

Managing your credit union’s loan data

Abrigo

Whether it’s part of a CECL preparedness conversation or part of a more proactive approach to risk management under existing regulatory expectations, the topic of “loan-level data” has repeatedly come up since the 2012 proposal from the FASB. These data silos make it all the harder for credit unions to begin data archiving.

article thumbnail

Alternative Business Loans for Your Small Business

Lendio

Alternative business loans are business loans, lines of credit or other forms of business financing offered by lenders other than traditional banks. Since 2012, more than 100 participants have entered the alternative lending industry. Credit Building Potential. Who Are Alternative Lenders? Time in Business Min.

article thumbnail

What Is a Good Credit Score, and Why Should You Care?

Fundera

Even before you began your search for small business loans , you’ve more than likely heard of a credit score. You’ve also more than likely heard of a good credit score, too. Here’s the gist of it: Your credit score is a numerical indication of how responsibly you’ve handled your financial obligations.

article thumbnail

What Is a Good Credit Score? (And How to Get One ASAP)

Fundera

Credit scores have become a huge part of our lives. There’s no question a good credit score is crucial for so many varying parts of our lives, but the questions stands—what is a good credit score? What is the score you need to get the best credit card, mortgage, business loan , auto loan, etc., Very Good: 740-799.