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The State of Small Business Debt in 2024: Insights from Global Data

Burt and Associates

High Levels of Unpaid Invoices According to the Findex report , overdue invoices are a leading cause of business debt : 80% of small businesses experience late payments. 45% of unpaid invoices go beyond 90 days , making recovery more challenging. Consider Debt Restructuring Refinancing high-interest loans can reduce monthly payments.

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Understanding Forbearance in Financial Contexts

Burt and Associates

For individual mortgages or business loans, forbearance agreements can facilitate financial stability during challenging periods, fostering a cooperative debt management and recovery approach. Struggling to Recover Unpaid Business Accounts? Reading about solutions is a great first step now, lets take action.

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