Bad Debt Bankruptcy Default Transactions 
Your Virtual Credit Manager
FEBRUARY 28, 2023
While bankruptcy filings have not increased substantially in the past year, they have begun to tick up and it is widely anticipated that filing will continue to increase as pandemic relief is finally spent, revenues decrease due to a faltering economy, and costs increase due to inflation and rising interest rates.
Your Virtual Credit Manager
MAY 16, 2023
By avoiding the following common traps, or myths if you will, businesses can minimize the risk of non-payment or default and make better informed decisions about extending credit to other businesses that will boost sales and profits. Credit evaluations prevent more bad debts than collection efforts.
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Your Virtual Credit Manager
SEPTEMBER 19, 2023
Commercial bankruptcies have been trending upward for most of this year, so it is likely some of your customers are in a downward spiral, if it has not yet shown up in their payment pattern. From this conversation, you will learn how perilous the bad debt risk is with this customer, and how urgent your reaction must be.
MNS Credit Management Group
AUGUST 7, 2023
However, there is always the possibility of loan default. A business credit score is a credit rating that indicates how likely a company is to repay its loans on schedule and without default. The use of debt The ratio of credit utilised by a firm to credit available to a business is known as debt utilisation.
Know-It Global
JUNE 20, 2023
It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. A well-designed policy minimises the risk of bad debts and cash flow issues and also serves as a reference for employees involved in credit decisions and collections.
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