Your Virtual Credit Manager

MARCH 26, 2024

Economic circumstances may prompt a vendor to either tighten or loosen its credit policies and customer credit limits. Going beyond the impact of macroeconomic trends, a company’s customers operate in dynamic business environments, and for a majority of them, the credit risk they pose is either increasing or decreasing.

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Your Virtual Credit Manager

APRIL 2, 2024

In addition, there isn’t much uniformity from one commercial credit score to the next, and they are designed to predict a range of events. Still others may be predictive of default, financial distress or financial health, and creditworthiness. delinquency or default) than will be found in a random sample.

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Your Virtual Credit Manager

JANUARY 23, 2024

Furthermore, new businesses and small businesses tend to have high failure rates, and there is good reason to believe a wave of defaults is coming. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. What do you need help doing?

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Emagia

JUNE 12, 2023

Credit risk management plays a critical role in the financial health and stability of businesses across industries. It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. What is Credit Risk Management?

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Your Virtual Credit Manager

FEBRUARY 13, 2024

Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency. It will also help your prioritize your credit reviews as recommended in item #1. Here’s more on setting credit limits.

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Your Virtual Credit Manager

JANUARY 10, 2023

Photo by Patrick Hendry on Unsplash Although defaults resulting in significant bad debt losses are a rare event for trade creditors, much of the focus of AR Management is on credit risk. Banks make money by lending so they pay close attention to the credit risk of the borrower. Buy Credit Reports 4.

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Your Virtual Credit Manager

SEPTEMBER 19, 2023

The only time you should go this route is if the customer suffered a one-time event from which you expect them to recover over time. Raise Their Prices: When you have a high credit risk customer, you should be charging them the highest price possible. The bank will pay you if your customer defaults.

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