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The Role of a Credit Manager in Your Business

Enterprise Recovery

They are responsible for assessing the creditworthiness of potential clients and managing credit limits to prevent late payments and minimize financial risks. Credit managers can help your business by ensuring the smooth functioning of credit operations. They also play a vital role in collecting accounts receivable and bad debt.

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VantageScore Takes Steps to Further Support Consumers Affected By Medical Debt Collections

Account Recovery

in 2013, VantageScore has been the leader in recognizing that medical debts and collections that have been paid off are not predictive of a consumer’s creditworthiness. STAMFORD, Conn., 10, 2022 — Having already eliminated paid medical collection accounts with the introduction of VantageScore 3.0.

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Report: Many Individuals ‘Overpaying’ for Their Car Loans

Account Recovery

Figuring out the interest rate on auto loans is a blurry process that may take factors other than the applicant’s creditworthiness into question and will likely lead to a spike in delinquency and default rates in the coming years as forbearance and deferment programs put in place for the COVID-19 pandemic expire, according to a … The post (..)

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Best Practices for Creating a Business Credit Policy

Enterprise Recovery

Within an accounting department, a credit manager's job is to determine the creditworthiness and credit risk of clients. By setting up clients in this way, along with the implementation of a credit policy, your accounts receivable department can be more successful, cash flow is boosted and the risk of non-paying clients is reduced.

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6 Advantages of Alternative Credit Scores and Data

Micro Bilt

There are many ways to determine someone's creditworthiness. This contemporary scoring method gives lenders a modern way of measuring a consumer's creditworthiness using factors not traditionally considered.

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Navigating credit card use after filing for bankruptcy

Roths Child Law

Following bankruptcy, managing credit card usage requires a strategic approach to rebuilding financial stability and creditworthiness. Understanding credit scores Understanding the intricacies of credit scores is crucial post-bankruptcy, as it highlights the significance of rebuilding creditworthiness.

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Why Your Credit Score Isn’t Going Up

Credit Corp

Even minor errors can have a significant impact on your creditworthiness. Improving your credit score takes time and effort, but by addressing these common reasons why your credit score isn’t going up, you can take proactive steps to boost your creditworthiness.