Credit Tips Blog: Discover the Latest Industry Insights

As a creditor, it is important to ask yourself “In what ways can our company mitigate risk in today’s volatile credit environment?”

Businesses prioritize how, when and which vendors are paid and often pay secured creditors ahead of unsecured creditors. But why?

Settlement agreements are common. You must carefully review the agreement or you may end up with invalid liens, like this subcontractor.

Don’t expose your AR to any unnecessary risk. Business failure is inevitable. Your best defense? Be proactive. Take advantage of secured transactions and pay attention to signs of distress.

What is a bankruptcy proof of claim? What should creditors be aware of when filing a claim? Is there a deadline to file? Find answers here.

Learn the essentials of Standby Letters of Credit & how banks provide guarantees for payments, ensuring security in financial transactions.

Your customer has filed for bankruptcy protection and their outstanding balance could have a significant impact on your A/R. Now what do you do?

We discuss expected attorney collection fees. Learn about attorney collections, fees, and recovery options for court costs and suit fees.

Bankruptcy claims and periods include 503(b)(9), reclamation claim period, proof of claim, and the preference period.

A contingent collection means you only pay a contingency fee on the amount of money that is collected. Learn more in this post.

Whether you are a secured or an unsecured creditor, slow-paying and non-paying customers are frustrating, time consuming, and often costly.

Obtaining a credit report on the correct entity can be trickier than you’d expect. Here are a few tips on obtaining the correct credit history/information for your customer.