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Enhancing Credit Management with Automation and Real-Time Data

Qualco

Credit Lifecycle Automation & Open Banking Emerging technologies and the increased availability of data resources empower lenders to make informed credit decisions and offer improved services to a wider group of customers. By Guy Statter , Country Manager, UK & Ireland at QUALCO.

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Understanding the Acid Test: A Critical Financial Metric for Business Success

Burt and Associates

Building Stakeholder Confidence Investors, lenders, and creditors often consider the acid test ratio when evaluating a company. Real-life Example Imagine a retail company, ShopSmart Inc. Avoiding Financial Pitfalls Businesses with a poor acid test ratio may struggle to pay suppliers, meet payroll, or handle unexpected expenses.

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4 Ways to Stop Living Paycheck-to-Paycheck

Debt Guru

For example, when you’re just starting out, take steps to remove the temptation to spend by unsubscribing from sales emails that encourage you to visit your favorite retailer online. Pay down your debt. If you’re trying to pay off debt, it’s hard to save much with each paycheck. You need to get a handle on all your debts.

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5 Simple Cuts to Curb Your Spending

Debt Guru

That barrage of messages from your favorite retailers, letting you know about their current promotions or latest gear makes it all too easy to click through and make a purchase on an item you didn’t know you needed. Give your lender a call to ask about a lower interest rate. The same goes for marketing emails.

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How to Get Out of Debt: 13 Expert-Backed Steps for Success

Credit Corp

For instance, if you’re a compulsive shopper, delete retail apps and turn off push notifications for sales. Doing this will ultimately pay your debt down quicker and save you money in interest,” Phelps said. Another mental roadblock to paying off debt is having to take money out of your bank account and send it off to your lenders.

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Meet Our 2022 FICO Decisions Awards Judges

Fico Collections

Armando Junior, general manager, risk and compliance at Dock (previous winner) . Armando has over 15 years of experience in financial services with a specialization in credit products for large lenders. Armando has worked as a lead consultant on transformation projects across private, retail and wholesale banking.

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Meet Our 2021 FICO Decisions Awards Judges

Fico Collections

Tiffani Montez is a retail banking senior analyst at Aite Group covering digital channel interactions, marketing analytics, artificial intelligence, conversational banking, and financial wellness. Tiffani Montez, analyst at Aite. by Nikhil Behl.