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. 115, No. 8, September-October

10 Tips to Collecting Money and Keeping the Customer Happy in the Construction Industry
Let's face it: in general, credit managers are not the most liked people in this world. Everyone dreads getting a call from us. They will try to avoid it at all cost. I truly believe we can turn it around and be the one person that everyone wants to...
Cash Issues Dominant Cause of Late Payments
The results of an NACM survey about what is to blame for customers' late payments indicate that cash issues, rather than technical errors, are the dominant cause for delays. A 36.3% plurality of respondents said that only 0-10% of the customers' late...
Committee Recommends Ditching Identification Provisions on Virginia Credit Reporting Bill
A report prepared by an ad hoc committee formed to study a Virginia bill that would affect commercial credit reporting in the state suggested removing some of the legislation's most controversial provisions, including a requirement that commercial...
Credit Screening and Analysis Tools Extend to Collections: Searching for Peaches among Unmarked Cans
Imagine you're in the canned foods section of a mega grocery store. You're hoping to find a nice can of peaches, but all you see are shelf after shelf of shiny metal cans. Every size and shape of can imaginable is there, but there are no labels. Now,...
Global Litigation: Preparing for Defaults and Choosing an International Forum
Some very famous figures in American history have spent time in debtors' prison: Pennsylvania's founder William Penn, American Revolution financier Robert Morris and novelist Daniel Defoe, just to name a few. And, the state of Georgia was founded in...
Go Ahead, Have Your Cake and Eat It Too: A Credit Manager's Guide to Advance Payments from a Financially Distressed Customer
You can't have it all. You can't have it both ways. You can't have your cake and eat it too. These familiar proverbs can apply to credit management decisions and their effect on exposure in a later bankruptcy preference case. For example, if a creditor...
Just in Case: Can Credit Insurance Cover You?
What is peace of mind worth to a person? People obtain life insurance policies to care for their loved ones in the event of an untimely death. They obtain renter's or homeowner's insurance in case a fire or flood destroys their belongings. Those...
Litigation in Brazil: The Difficulties and Alternatives
As an attorney with a law firm in Sao Paulo, Brazil, despite the significant progress and developments in Brazil in recent years, civil litigation and navigating the Brazilian legal processes can be difficult, time-consuming, and a far cry from an...
Live, Learn Get Paid: Universal Lessons from Diverse Collection Experiences
Collections is conflict, but that's not necessarily a bad thing. There's some necessary head-butting that goes into the process of one party getting another party to write them a check because, in general, keeping money is better than not keeping money....
Meet Your 2013 CCE Designation of Excellence Award Recipient: Ron Sereika, CCE
Ron Sereika, CCE, this year's winner of the CCE Designation of Excellence Award, is a people person. It's an attribute readily apparent when you speak to him, or when you ask him about his company or his work. It also explains his success as a credit...
New Designees: Sincerest Congratulations to Those Collecting the Their, Companies Succeed!
CBA Emily Amay Gemaire Distrubutiors LLC Deerfield Beach, FL Colleen Ames Buck Knives Post Falls, ID Nycole Anderson Elkay Wood Products Waconia, MN Amber Armstrong Morrison Supply Company Fort Worth, TX Katherine...
New FTC Consent Order Could Affect Collection Communication
The Federal Trade Commission (FTC) issued its biggest consent order to date against a debt collector in July. Expert Global Solutions and its subsidiaries, the world's largest debt collection operation, agreed to pay a $3.2 million civil penalty, the...
Red Flags: Recent Russian Actions on the Global Stage Lowering Hope of Improvement
Hope that Russia was taking steps toward greater credibility and transparency on the world stage in the areas including corruption and its business environment abounded at the beginning of 2012. At that time, as one of the then-still-hot BRICs (along...
Report for August 2013
The CMI for August returned to the growth patterns of earlier this summer. The numbers look impressive again, and the index sits at 56.4, up nearly a full point from July's 55.5. The last few months were a little volatile, but not unexpected. The surge...
The Subjective Prong of the Ordinary Course of Business Preference Defense: Yet Another Approach
Boy, are those preference claims a royal pain in the you know what! This is in large part due to the difficulty in proving the ordinary course of business (OCB) defense, which tends to be open to interpretation, unpredictable and expensive to prove....
To Attract Impact Employees, Be an Impact Employee
Great books inspire me to write. Great books also inspire me to take the theme of the book and apply it to my life. One such book that has done both is Bobby Richardson's Impact Player: Leaving a Lasting Legacy On and Off the Field. Richardson played...
Understanding Cancelable vs. Non-Cancelable Limits under Trade Credit Insurance Policies
There's been a lot of discussion lately within the U.S. trade credit insurance market about the difference between so-called "cancelable" and "non-cancelable" trade credit limits. Trade credit insurance, of course, is the protection provided by an...
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