Your Virtual Credit Manager

SEPTEMBER 12, 2023

YVCM was launched in 2021 and continues to grow. To make matters worse, invoice errors also tend to generate payment deductions (partial payments). Correcting invoices and reconciling payment deductions are essentially rework: work that is not necessary if you got it right the first time. More About Purchasing Credit Reports 4.

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. Over 5 million businesses, mostly small, were formed over the twelve months ended September 2021.

Credit and Collections 26

Credit and Collections Bad Debt Default Credit Risk 26

Your Virtual Credit Manager

AUGUST 29, 2023

Bad Debt Write-Offs Are Increasing: When bad debts get ahead of budget, you need to take a look at why that is happening. It could be a single larger-size default has skewed bad debts higher, in which case collections are probably not the problem (however, you might want to check your credit policies).

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

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

For example, if you missed a payment on a credit card debt account in January 2014, that would be removed in January 2021 by the credit reporting company. Further, assume that the past due debt was paid and the account remained current until you had another late payment in August 2014.

Credit Scoring 52

Credit Scoring Credit Card Payments Bankruptcy Chapter 7 52

Due

MARCH 3, 2023

A HELOC, is a revolving credit line secured by your home that can be used for large expenses or to consolidate higher-interest rate debt from other loans, such as credit cards. In addition to having a lower interest rate than some other common types of loans, a HELOC may also be tax deductible. percent in December 2021 to 3.4

Credit Scoring 105

Credit Scoring Bankruptcy Medical Billing Brokerages 105

Due

MARCH 3, 2023

A HELOC, is a revolving credit line secured by your home that can be used for large expenses or to consolidate higher-interest rate debt from other loans, such as credit cards. In addition to having a lower interest rate than some other common types of loans, a HELOC may also be tax deductible. percent in December 2021 to 3.4

Credit Scoring 64

Credit Scoring Bankruptcy Medical Billing Brokerages 64