Your Virtual Credit Manager

OCTOBER 8, 2024

Companies selling other businesses on open terms need to ensure any collection agency partners can effectively collect non-performing receivables. Doing this involves taking a series of proactive steps. These measures will minimize bad debt losses, maximize collection rates and thereby help maintain healthy cash flow, but require the establishment of credit and collection policies with a mind to the possibility that the customer you approve for open credit terms might eventually not be forthcomi

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Credit and Collections Third Party Collections Bankruptcy Bad Debt 100

Accounting Department

OCTOBER 8, 2024

Budgeting is crucial for any business that wants to succeed in the long term. As a business owner of a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.

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Small Businesses 59

Reorg Blog

OCTOBER 8, 2024

Today, we consider an attempted “parade of horribles” in the Venezuela/Citgo sale proceeding, another dubious disclosure approval in Incora/Wesco and Judge Goldblatt’s Pension Claims Ruling in Yellow.

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CreditStrong for Business

OCTOBER 8, 2024

Getting a car can make a huge difference in your quality of life, job, and wallet. So it makes sense why there’s an urgency around buying a car even if it’s more difficult because of your credit history. How To Get A Car Loan With Bad Credit Car shopping with bad credit is difficult. You go in expecting a sky-high interest rate or an outright denial for the car you really wanted.

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Credit Scoring Credit Unions 52

Due

OCTOBER 8, 2024

One of the most important financial goals you will ever have is saving for retirement. Despite this, many people struggle to save enough money for retirement due to rising living costs, unexpected expenses, and a lack of clear financial planning. As a result, you might find yourself falling behind. Even if your retirement savings aren’t enough, don’t beat yourself up about it.

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Brokerages Deductions Credit Unions 52

TMC Financing

OCTOBER 7, 2024

Berkeley, CA – Owning commercial real estate can be a game-changer for small businesses, providing stability, growth opportunities, and long-term financial security. For Jessica Lasky, the owner of Jessica Lasky. The post Cooking Up Success: How SBA 504 Loans Transformed Jessica Lasky Catering’s Future appeared first on TMC Financing.

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Small Businesses 52

CreditStrong for Business

OCTOBER 8, 2024

Perhaps you just got to the United States and aren’t familiar with the credit system yet. So you have no credit history, but you still need a car to make it to work. Maybe you’re a young car buyer who recently graduated and needs a car, but you haven’t built any credit history. When you’ve asked someone to cosign for you, they can’t or won’t. It can feel frustrating to try buying a car with no credit history or cosigner.

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Credit Scoring Credit Unions Default Insurance Companies 52

lsq

OCTOBER 7, 2024

ORLANDO, Fla. (October 8, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a California-based telecommunications hardware company. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.

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Credit and Collections Bankruptcy Credit Management 52

Due

OCTOBER 7, 2024

A former Las Vegas city councilwoman has been convicted for her part in a fraud case that saw charity funds used for personal purposes. According to the Justice Department , Michele Fiore, the named former state official, was found guilty of a half-dozen felony charges. These charges related to the illicit use of funds that were intended to erect a statue of service people who had died in the line of fire.

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Reorg Blog

OCTOBER 8, 2024

The speed and aggressiveness with which Spirit Airlines is transforming is noteworthy, as it suggests that they may not yet be resigned to a near-term bankruptcy.

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Bankruptcy 52

Cpcmcredit Blog

OCTOBER 7, 2024

ISG’s collapse is going to have severe implications for their many suppliers so out of interest, I discussed the current mood within the insurance market with a long term and very well informed broker of credit insurance The first point of course is that Credit insurance would mitigate any losses. Obtaining cover in the market was not impossible for this particular contractor but limits have been very restricted.

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Credit and Collections 52

Grit

OCTOBER 7, 2024

As the holiday shopping season approaches, small businesses are gearing up for one of the year’s busiest shopping days – Black Friday. This is a prime opportunity to attract new customers and boost sales, especially on platforms like BigCommerce. This blog post will explore the best Black Friday deals for small businesses using BigCommerce.

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Small Businesses 52

Due

OCTOBER 7, 2024

A Florida boatmaker has been hit with $300k in labor penalties after failing to address workplace risks. The Department of Labor had previously visited Blacktip Boatworks LLC, based in Pinellas Park, Florida, but the shipwright failed to heed their many concerns about the workplace standards in place. Because of the inspection, Blacktip now faces four failure-to-abate, two serious, and three repeat violations, as well as one other-than-serious violation.

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Reorg Blog

OCTOBER 7, 2024

The post United Site Services Non-Pro-Rata LME Transaction Is Closer to Less Aggressive End of Value Transfer Spectrum; Transaction Raises $300M in New Money but May Not Delever Co. or Reduce Cash Interest Burden appeared first on Reorg.

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Transactions 52

GoCardless

OCTOBER 7, 2024

New agreement includes GoCardless’ ‘Same Day Settlement’ feature to help savers reach their financial goals more quickly

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CreditStrong for Business

OCTOBER 8, 2024

Building credit is an important part of your financial life. Your credit score determines the loans and credit cards you can qualify for and the interest rates of the loans you can get. You can build credit by making monthly payments toward your loans, so many people wonder whether paying their other bills can improve their credit score. What Bills Help Build Credit?

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Credit Scoring Credit and Collections Medical Billing Credit Reporting Agencies 52

Due

OCTOBER 8, 2024

According to financial experts, one way to learn about money is to educate yourself about personal finance concepts. Specifically, making informed financial decisions can be achieved by reading books , taking online courses, listening to podcasts, and consulting with a financial advisor. In other words, understanding how money works, from budgeting to investing , is essential to financial literacy.

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Credit and Collections Deductions Credit Scoring Medical Billing 52

Reorg Blog

OCTOBER 7, 2024

The post European High-Yield Bonds 2024 Half-Year Wrap: Resurgent Market Yields Mixed Covenant Terms in Value Leakage, Calculation Flexibilities appeared first on Reorg.

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Loomis Sayles Credit Research

OCTOBER 7, 2024

We are in the home stretch of what has been a record year for global elections, with roughly half of the world’s population heading to the polls. [i] As pivotal elections and their results play out across global economies, populism has become a central theme in many campaigns and headlines. Consequently, investors are weighing how various populist policies, with their diverse forms and ideological perspectives, might influence economic activity and market sentiment.

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CreditStrong for Business

OCTOBER 8, 2024

Most utility payments will not appear on your credit report and will not affect your credit. Some services are available that will report utility bill payments, but some only report to one credit agency, and others charge a fee. Does Paying Utilities Build Credit? Paying utilities will only build credit if the payments are reported to the three major credit reporting bureaus: Experian, Equifax, and TransUnion.

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Credit Scoring Collector Credit and Collections Credit Reporting Agencies 52

Due

OCTOBER 7, 2024

Options trading, which has often been perceived as the domain of high-stakes speculators, can surprisingly serve as a prudent strategy for more risk-averse investors. Derivatives, while complex, offer a strategic avenue for those seeking to maintain stability and generate steady returns without stepping too far from their comfort zone. We’ll break down the essentials of options trading, clarify common strategies, compare them to traditional investments, and detail key risk management practices.

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Credit Risk 52

Reorg Blog

OCTOBER 7, 2024

The post European High-Yield Bonds 2024 Half-Year Wrap: Resurgent Market Yields Mixed Covenant Terms in Value Leakage, Calculation Flexibilities appeared first on Reorg.

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Due

OCTOBER 7, 2024

Mortgage rates are a critical factor influencing the decisions of home buyers, mortgage lenders, and real estate investors. Over the past few weeks, there has been a significant shift in mortgage rates, which has left many individuals puzzled. This article aims to demystify the recent surge in mortgage rates and provide an in-depth understanding of the factors influencing these rates.

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Credit Scoring 52

Due

OCTOBER 8, 2024

The political landscape is often a hotbed of passionate debates, with individuals expressing strong opinions about the potential impact of different political ideologies on the economy. For instance, some argue that a socialist leader like Kamala Harris could lead to a dramatic increase in taxes, while others fear that a leader like Donald Trump could trigger a global conflict.

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