Your Virtual Credit Manager

AUGUST 22, 2023

The bad news is that nearly 21 percent of last year’s startups will fail this year leaving you with a bad debt on your books if you sold to them on credit terms. YVCM was launched in February, 2021, and has since grown to over 6,000 subscribers. The good news is that this is an increase in potential customers.

Credit and Collections 130

Credit and Collections Bad Debt Credit Risk Bankruptcy 130

Your Virtual Credit Manager

SEPTEMBER 12, 2023

YVCM was launched in 2021 and continues to grow. You also should be checking for derogatory information — liens, judgements, prior bankruptcies, etc — found on their credit report or in public records. When unobserved risks build up in your AR, the impact will be slower payments and defaults leading to bad debts.

Credit and Collections 130

Credit and Collections Bad Debt Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

JUNE 13, 2023

These bad debt losses can put your own business at risk of failure. Subscribe now The Increasing Risk of a Growing Number of Defaults Commercial bankruptcies began rising late last year after the historic lows of 2020 and 2021. Far more damaging is a customer that defaults (never pays).

Credit and Collections 26

Credit and Collections Bad Debt Default Credit Risk 26

Your Virtual Credit Manager

MARCH 21, 2023

In addition to the effect of inflation, AR loses value as a result of profit dilution (when customers do not pay you the full invoice value due to payment deductions or disputes) and bad debt losses. The role of credit should not be focused on preventing bad debt losses, but rather maximizing profits.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bankruptcy Bad Debt Credit and Collections 130

CreditStrong for Business

MARCH 10, 2023

Most negative information such as late credit card payments, collection agency activity, and other missed payments toward debts remain on your credit report for seven years. Bankruptcy is an exception that may remain on your credit bureau report for up to 10 years.

Credit Scoring 52

Credit Scoring Credit Card Payments Bankruptcy Chapter 7 52

Due

MARCH 3, 2023

These funds could be used to pay off a credit card debt or pad your savings. When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. If you aren’t in that bad of financial shape, consider dining out or getting takeout less often. percent in December 2021 to 3.4 Living paycheck to paycheck.

Credit Scoring 105

Credit Scoring Bankruptcy Medical Billing Brokerages 105

Due

MARCH 3, 2023

These funds could be used to pay off a credit card debt or pad your savings. When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. If you aren’t in that bad of financial shape, consider dining out or getting takeout less often. percent in December 2021 to 3.4 Living paycheck to paycheck.

Credit Scoring 64

Credit Scoring Bankruptcy Medical Billing Brokerages 64