Business Credit

Business Credit is a magazine covering finance, business risk management and provides information for the extension of credit, maintenance of accounts receivable, and cash asset management. It is published 10 times per year by the National Association of Credit Management.Subjects for Business Credit include banking, finance and investments.

Articles from Vol. 112, No. 3, March

An Ideal Setting: The Increased Risk of Fraud and Identity Theft during and after the Recession
[ILLUSTRATION OMITTED] Even before the recession, identity theft was one of the fastest-growing crimes in the U.S. Articles were written, news storms broadcasted and security products sold in mass quantities geared toward giving consumers and businesses...
Association News
On December 2, 2009 at its Annual Meeting, NACM Arizona presented Dean Middleton with the Mike King Spirit of Service Award for his unwavering support of the association and its members for the past 12 years.The Spirit of Service Award was created and...
Behind the Fences: UNICOR's Affect on Private Business
To a variety of companies that have to compete with UNICOR, they may believe it is Goliath versus David, and they are losing. UNICOR is a division of Federal Prison Industries, Inc. (FPI), which is a self-supporting government corporation. UNICOR even...
Credit@work
Dear Andy,Q: I'm hoping to expand my credit and collections team in the new year. What kind of salary and hiring trends are you seeing in our area?Hiring activity in credit and collections has remained relatively steady, despite the difficult economy....
Dear Andy
Dear Andy, Q: I'm hoping to expand my credit and collections team in the new year. What kind of salary and hiring trends are you seeing in our area? Hiring activity in credit and collections has remained relatively steady, despite the difficult...
Going Out-Vegas Style
Las Vegas obviously is known for its bright lights, gambling and party options for soon-to-be grooms and brides. But Las Vegas is more than just what is depicted in the movies and commercials hyping up the "What Happens in Vegas Stays in Vegas" mantra....
Going Out-Vegas Style
Las Vegas obviously is known for its bright lights, gambling and party options for soon-to-be grooms and brides. But Las Vegas is more than just what is depicted in the movies and commercials hyping up the "What Happens in Vegas Stays in Vegas" mantra....
Have You Shared Anything Positive about Your Customers Today?
I was working out open account terms with a customer with which we had been having some payment problems. Afterward, in my company's next trade group meeting, I felt compelled to share this information with the individuals in the group. This customer...
Hot Spots: Spain
On January 1 this year, Spain assumed the rotating presidency of the European Union and became the first country to hold the reins under the new Lisbon Treaty, ironically a set of institutional reforms designed to strengthen the bloc's decision-making...
Hot Spots: Spain
On January 1 this year, Spain assumed the rotating presidency of the European Union and became the first country to hold the reins under the new Lisbon Treaty, ironically a set of institutional reforms designed to strengthen the bloc's decision-making...
In Memoriam
[ILLUSTRATION OMITTED] Long-time NACM member, Alice White of Anchorage, Alaska, passed away the end of November 2009. Alice started her credit management career at Brady's Floor Covering 51 years ago and was instrumental in helping to establish...
Keeping Credit Policy Relevant in Today's Business World
To say that the lending landscape in the United States has been in a state of flux is an understatement. Even though banks are being encouraged to stimulate the economy by lending, they are faced with record delinquencies and defaults and have lost...
Making a Tough Call
What action is warranted when a customer continues to make and break payment promises on a seasonal product they ordered--and the season has past? Like most credit managers would do, when the dollar amount justifies it, I decided to make a personal...
Managing the Customer Life Cycle in Uncertain Times
The only thing certain about change is that it is inevitable. Savvy credit managers across all industries know that nothing is immune to change. Now, more than ever, managing the customer life cycle in this dynamic environment presents both challenges...
Opening the Kimono in the Secretive Banknote World
The creation of banknote paper is a secretive business in the world's oldest and potentially most exclusive club. My company produces and sells security and other specialty papers, but while I can say that my company makes the paper for the Euro used...
Rating the Regions: A Look at What 2010 Has in Store for Global Trade
GROWTH FINALLY DECIDED TA SHOW UP, ALBEIT A BIT LATER THAN MANY HAD HOPED.Initial projections for growth in the fourth quarter, at least in the U.S., hit 5.7%, following a modest but still notable 2.2% in the third. Globally, 2009 is still expected to...
Rating the Regions: A Look at What 2010 Has in Store for Global Trade: Growth Finally Decided to Show Up, Albeit a Bit Later Than Many Had Hoped
[ILLUSTRATION OMITTED] Initial projections for growth in the fourth quarter, at least in the U.S., hit 5.7%, following a modest but still notable 2.2% in the 2009 is still expected to be a down year, but the recession is ending worldwide as well,...
Report for December 2009
The reports on the economy have been mildly encouraging at year's end and now everyone's attention is turned to 2010--the year that is supposed to provide the anticipated recovery. The December CMI matched the mood of the economy as a whole--essentially...
The Interplay between Section 503(b)(9) Priority Claims and Preference Claims
Section 503(b)(9) was added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) to protect trade creditors that sell goods to the debtor shortly before the debtor's bankruptcy filing. Section 503(b)(9)...
What a Nice Guy!
Carl was a nice guy. Maybe even a great electrician. Someone you'd like to go to the ballgame with. Maybe sit down and discuss life over a cup of coffee. Our counter guys and salespeople all liked him. Jeesh, I'm talking like he's dead. Last I heard,...
Who Is a Subcontractor under the Miller Act?
Everyone who is in business is presumably in business to make money. Those in the construction industry are no different. Given the nature of the business contractors, subcontractors and material suppliers are constantly dealing with new people or...