What is Accounts Receivable Financing?
Accounts receivable financing is a financial tool that allows businesses to receive early payment on outstanding invoices. Companies typically sell goods or services on credit, meaning they provide the product or service upfront but receive payment later. This...
What is the Difference Between Car Loan Default and Charge Off?
Due to increased living costs, and higher loan amounts, most Americans are finding it difficult to keep up with their car loan payments. Vince Shorb, the CEO of the National Financial Educators Council, mentioned that many borrowers are defaulting on their car loans...
10 Common Mistakes to Avoid During Debt Collection
Debt collection is one of the most important and trickiest processes that impact the cash flow of a business. When not done properly, debt collection can have financial repercussions and reputational damage. With a process this important and intricate, mistakes can...
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