Fundera

SEPTEMBER 18, 2018

Each credit bureau will receive notice of this lien, and your credit score will take a nosedive. Unlike the IRS, your local municipality might report your unpaid tax bill directly to a debt collector. Referral to collections will undoubtedly hurt your credit, as such agencies have close relationships with the credit bureaus.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93

Fundera

SEPTEMBER 23, 2019

However, if you still have several outstanding invoices or you’re waiting for payments to process through a credit card company, you might have more cash flowing out of the business than you do coming in—in which case, you’re cash flow negative. Be a Diligent Collector. Work on being a diligent collector.

Collector 45

Collector Electronic Funds Transfer Cash Forecasting Credit and Collections 45

Due

APRIL 2, 2024

Your late payment history can remain on your credit report for 7 to 7.5 While collectors might be on your back, open accounts should be your highest priority. Dispute errors on your credit report After your initial phase of data gathering, you should be able to point out errors, if there are any.

Credit Scoring 72

Credit Scoring Bankruptcy Credit and Collections Chapter 7 72

Fundera

JULY 7, 2018

And for a few more sales, you’re still waiting for payments to process through the credit card company—so that money hasn’t actually hit your business bank account. But a few of your bigger clients are other businesses for whom you had to send invoices for some of that $50,000. Some payments are still outstanding.

Credit and Collections 89

Credit and Collections Collector Credit Card Companies Transactions 89

Fundera

JANUARY 7, 2019

And for a few more sales, you’re still waiting for payments to process through the credit card company—so that money hasn’t actually hit your business bank account. But a few of your bigger clients are other businesses for whom you had to send invoices for some of that $50,000. Some payments are still outstanding.

Credit and Collections 75

Credit and Collections Collector Credit Card Companies Transactions 75

Fundera

APRIL 21, 2016

For yet a few more sales, you’re still waiting for payments to process through the credit card company—so that money hasn’t actually hit your bank account. A few of your bigger clients are other businesses, for whom you had to send invoices for some of that $50,000. Out of those, not every customer paid up immediately.

Credit and Collections 75

Credit and Collections Collector Credit Card Companies Transactions 75