Top Credit Management Source Bad Debt Credit Management Content for Wed.Apr 26, 2023

Wed.Apr 26, 2023

Effective Strategies For Managing Credit Risk In Your Business

Know-It Global

APRIL 26, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. Understanding how much credit risk a business could pose to you is critical if you want to avoid disaster! Failure to manage credit risk can lead to bad debts, cashflow problems, and eventually, business failure.

Credit Risk

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11 Factoring Myths Busted

Sky Business Credit

APRIL 26, 2023

Factoring may be one of the most underutilized yet effective forms of funding for a growing business. It may also be one of the most misunderstood and overlooked types of funding. Below, Sky Business Credit addresses and explains 11 myths about factoring. 1. Factoring is for companies having financial problems. Factoring is not for companies that are having financial problems.

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What Is The Employee Retention Tax Credit (ERTC)?

Lendio

APRIL 26, 2023

Did your small business keep employees on your payroll through the pandemic? Congratulations! You may be eligible for a tax credit from the Internal Revenue Service, too. The Employee Retention Credit, or ERTC or ERC, was first launched in the early days of the COVID-19 pandemic as part of the CARES Act relief package. It was intended as an extra incentive for smaller businesses to retain their employees, although it was widely overshadowed by the Payment Protection Program.

Small Businesses

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Simple Steps to Writing Effective Collection Letters

Credit Management Group UK

APRIL 26, 2023

In terms of the impact on your customers’ inclination to pay you, letters tend to have more gravitas than emails or phone calls alone. They are a much more formal way of communicating with a customer and therefore can potentially encourage them to take a situation more seriously if they have been paying late and ignoring your emails. Also, to comply with the Court’s pre-Actin Protocols, a Final Demand Letter or Letter Before Action must be posted.

Credit and Collections

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Purchased financial assets in banking under CECL

Abrigo

APRIL 26, 2023

M&A implications of FASB decisions Some recent, tentative FASB decisions on the accounting treatment of purchased financial assets will impact acquisitive institutions when finalized. You might also like this whitepaper, "Valuation and purchase accounting in a dynamic environment." DOWNLOAD Takeaway 1 The FASB is moving ahead with a plan to eliminate the PCD and non-PCD distinctions for acquired assets.

CECL

How Retirees Should Financially Plan for Mental Health

Due

APRIL 26, 2023

One of your biggest concerns as a retiree is going to be planning for the future of your physical health. Over time, your physical health will degrade and you’ll likely be less capable of doing things for yourself; as a result, your healthcare needs and expenses will increase. But what about your mental health? Unfortunately, many retirees neglect mental health planning when it should be one of your highest priorities.

The Ultimate Guide to Building Your Business: Strategies for Success

The Red Spectrum

APRIL 26, 2023

Starting a business can be a daunting task. There are many factors to consider, from financing to marketing to managing employees. However, with the right strategies, you can successfully build your business and take it to the next level. In this guide, we will provide tips and insights on building your business, including using net 30 vendors and increasing your credit limit.

Credit Scoring

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The Ultimate Guide to Building Your Business: Strategies for Success

The Red Spectrum

APRIL 26, 2023

Credit Scoring

Make The Most of Your Retirement Savings: Don’t Make These 6 Costly Mistakes

Due

APRIL 26, 2023

The Federal Reserve states that just 40% of the non-retired adult population in the US are confident with their retirement planning. This means that as much as 60% of Americans aren’t currently on track with their retirement savings. Which group among these would you like to belong to? Well, you may be prioritizing your short-term financial goals and immediate expenses.

Deductions

Minimum Credit Score for First-Time Home Buyers: What You Need to Know

The Red Spectrum

APRIL 26, 2023

Are you a first-time homebuyer with a less-than-perfect credit score? Don’t worry; you’re not alone. Many people face the same issue when they start their journey toward homeownership. The good news is that you can still qualify for a mortgage with a low credit score. In this blog post, we’ll explore the minimum credit score requirements for first-time homebuyers and provide you with some tips to improve your credit score.

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UPDATE 6: Alvarez & Marsal, Latham & Watkins Representing Group of Offshore Creditors of Sunac China Holdings Outside of Ad Hoc Committee; to Discuss Objections to Proposed Restructuring on April 18 Creditor Call

Reorg Blog

APRIL 26, 2023

The post UPDATE 6: Alvarez & Marsal, Latham & Watkins Representing Group of Offshore Creditors of Sunac China Holdings Outside of Ad Hoc Committee; to Discuss Objections to Proposed Restructuring on April 18 Creditor Call appeared first on Reorg.

Navigating the Ripple Effects of the US Banking Crisis on Global Business

MNS Credit Management Group

APRIL 26, 2023

There is turmoil in the US banking industry nowadays. First it was SVB a top bank catering to the Tech sector, then Signature bank and then a big one – Credit Suisse which eventually got taken over another Swiss bank UBS. Is this a tip of the iceberg with more banks to follow or is it contained for now. At first it looked like a contagion with the possibility of banks with relatively weak assets bound to collapse.

Bad Debt

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Survey: Do Customers Think Banks Are Fair to Scam Victims?

FICO Blog

APRIL 26, 2023

Home Blog FICO Survey: Do Customers Think Banks Are Fair to Scam Victims? Banks face challenges when it comes to balancing the ease and convenience of real-time payments with prevention for authorized push payment fraud and scams FICO Admin Tue, 07/02/2019 - 05:23 by Debbie Cobb Senior Director, Product Management expand_less Back To Top Wed, 04/26/2023 - 11:00 Scams have been on the rise worldwide, particularly those that target real-time payments (RTP) users.

Transactions

Vedanta Resources to Wire Funds to Repay $400M Bonds on April 24; Company Says Confident of Meeting Debt Obligations

Reorg Blog

APRIL 26, 2023

The post Vedanta Resources to Wire Funds to Repay $400M Bonds on April 24; Company Says Confident of Meeting Debt Obligations appeared first on Reorg.

Finding the Right Financing for Your Business

Prime Commercial Lending

APRIL 26, 2023

Whether you are a business owner, a commercial real estate investor, or an emerging entrepreneur, you want funding solutions that are tailored to your needs. Too much capital can leave borrowers saddled with debt. Too little, and they won’t be able to reach their goals. Finding the right financing for your business is crucial to long-term success. There’s no such thing as “one size fits all” Institutional channels and others offer cookie-cutter loans – that is, set loan amounts no matter how muc

Small Businesses