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Learn how to fix your credit for free by reviewing reports, disputing inaccuracies, improving payment history, and managing credit utilization.
A charge off means that a creditor deems your debt uncollectable and it significantly impacts your credit score.
Subordinated debt is a lower priority debt security, repaid after senior debt but before stockholders, with higher associated interest rates.
A 700 credit score is viewed as 'good' with around 16.4% of consumers having scores between 700 and 749 in 2023.
Discover common types of debt instruments including bonds, leases, promissory notes and understand their unique features and advantages.
Learn about your rights under FDCPA when 'this is an attempt to collect a debt' surfaces, including protection against unfair practices.
A 670 FICO score is seen by lenders as 'acceptable' and falls within the 'Good' range (670-739) compared with the U.S. average.
A 666 credit score is categorized as 'Fair', lower than the average US score of 714, and may result in high borrowing costs.
Discover how automating invoicing and payments can streamline the AR collections process and significantly reduce errors.
Credit management involves assessing and approving new clients, setting payment terms, extending credit and ensuring timely payments.
Discover how AP automation software can transform financial workflows, increase efficiency, and evade late fees. Best solutions detailed inside.
The allowance method estimates future bad debts, basing on a percentage of sales generated within a reporting period.
Contra accounts offset the balance of another related account and their natural balance is the reverse.
Learn how to compute the average collection period utilizing formulas: (Accounts Receivable ÷ Net Credit Sales) × 365 Days.
Explore whether a 690 credit score is good, how it compares to the U.S. average and how it impacts loan eligibility.
A 693 credit score is considered 'Good', reflecting low risk with possible late payments or limited credit history.
Explore automatic invoicing software's role in modern businesses and steps for implementation, providing improved cash flow and reduced errors.
A 708 credit score provides access to loans and credit products with decent interest rates and conditions. Understand its benefits and limitations.
