article thumbnail

Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

” (Photo by Devon MacKay on Unsplash ) This applies to credit and collections as well as anything else. Credit analysts should also review past decisions to improve their future performance regarding approvals, limits and term setting. operations and the closure of its stores in 2018. Hertz Global Holdings Inc.

article thumbnail

How to Recover From Business Credit Card Debt

Fundera

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. Without careful use, though, you could spend faster than you can pay, and need to recover from business credit card debt.