When dealing with unpaid debts, it can be tempting to jump straight into legal action. However, before you take that step, having a clear understanding of the pre-litigation process is...
When lending money to a business, creditors want to know if that company is in a strong financial position to repay its debts. One key metric that plays a vital...
Running a business comes with many challenges, and managing credit risk is one of the most important. Whether you’re dealing with customers who take out credit lines or working with...
In the world of business, protecting your financial interests is crucial. One of the most effective ways to do this is through a thorough credit investigation. When you’re considering doing...
When a business borrows money, it often secures the debt with an asset. This ensures the lender has some form of security if the borrower fails to repay. One common...
Why a Good Credit Policy Matters If you extend credit to customers, you need a clear credit policy. A good policy helps protect your business, avoid confusion, and reduce legal...
Running a business involves countless decisions, but one of the most critical yet often overlooked decisions revolves around your client base. When you’re just starting, it might seem sensible to...
In recent years, the focus on Environmental, Social, and Governance (ESG) factors has grown significantly. What was once seen as a niche concern is now central to business decision-making, especially...
When a key debtor files for bankruptcy, it can feel like a punch to the gut for any business. The financial strain, the uncertainty, and the anxiety about what happens...
Managing overdue payments is tough enough when dealing with local customers, but what happens when the customer is overseas? International debt collection presents its own unique set of challenges that...
The rules that govern debt collection may soon change, and these shifts could have a big impact on how businesses recover overdue payments. While these changes are meant to protect...
Debt collection is a critical function for any business. When payments are overdue, it can have a significant impact on cash flow and, ultimately, the success of your business. For...
