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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. This productivity improvement empowers faster and more effective debt recoveries.

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High Street giant apologises for Business late payments

UK debt collections

In certain cases business debt recovery action will almost certain to have been necessary. As a health and wellness retailer, the financial health of our suppliers is very important to us,” a H&B spokeswoman told The Grocer news site. Most small brands are on 90-day payment terms with H&B.

Retail 59
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Q2 Industry Insights: Beating the Economic Heat and Keeping Up with Compliance

True Accord

And businesses are responding accordingly to the lower demand – several top musical acts from Jennifer Lopez to the Black Keys have canceled summer tours due to low ticket sales while retailers like Walmart and Target are lowering prices on certain goods to appeal to budget-strained shoppers. Customization is key.

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What is Clarity Services Inc. on My Credit Report?

Better Credit Blog

Clarity Services is a third-party credit reporting company used by lenders to obtain data like your credit reports when you apply for funding. They specialize in subprime candidates, helping lenders with tough calls on applicants with poor credit or little to no credit history. Debt recovery. Retail financing.

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How to Remove Professional Finance Company From Your Credit

Better Credit Blog

Originally founded in 1985, Professional Finance Company is a medium-sized debt collection agency that offers services for debt recovery, self-pay early-out, and debt purchasing. They are a legitimate company and are currently headquartered in Greeley, CO.

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What to do When You’re Served Papers for a Debt

Debt RR

This leaves businesses struggling to maintain revenue while debt continues to pile up. There are 35 major bankruptcies in 2019 so far, and over two-thirds happened in retail. trillion worth of debt. When faced with mounting debt, it’s inevitable that someone will come to collect. Statute of Limitations.

Debtor 41
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After-Tax Cost of Debt – How to Calculate it For Your Business

Debt RR

Lenders may be able to approve businesses for these loans by reviewing their company’s credit history and financial information. Small business loans are generally unsecured, so they are a bit riskier for financial institutions, but secured loans can provide confidence to lenders that may otherwise decline an application. Microloans.