The U.S. federal government shutdown has entered its second week, and uncertainty is mounting across the nation. For the first time in years, agencies are preparing not only for furloughs but for potential layoffs. The financial implications stretch beyond Washington, affecting contractors, local businesses, and industries that depend on predictable cash flow. For debt collection…
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Artificial intelligence is no longer just supporting banking; it’s increasingly taking on agentic roles, making decisions, initiating actions, and shaping outcomes. While these technologies promise efficiency and innovation, they also raise significant challenges and ethical questions. For financial institutions, striking a balance between the benefits of agentic AI and the responsibilities of compliance and fairness…
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Late-Stage Credit Delinquencies on the Rise: What It Means for Businesses and Consumers Late-stage credit delinquencies, accounts 90 days or more past due, are on the rise across the U.S. This trend signals not only increased financial strain for consumers but also heightened risk for creditors and businesses. Understanding why delinquencies are climbing and how…
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Debt is stressful enough without adding miscommunication or silence into the mix. When communication bottlenecks occur—whether between debtors and collectors, or inside a business’s accounts receivable team—it slows down repayment, increases misunderstandings, and creates frustration on both sides. Understanding what causes communication bottlenecks in debt situations and how to fix them is the key to…
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Discover how business bankruptcies impact commercial debt collection and what steps creditors can take to minimize losses. Learn key preventive strategies and explore real bankruptcy trends in this detailed guide by Burt and Associates.
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Learn how to train your internal debt collection team and recognize the signs that it’s time to escalate accounts to a commercial collection agency.
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Unpaid invoices hurt your business more than you think. This guide walks business owners through proven steps to collect past due accounts, from friendly reminders to working with professional commercial debt collectors — and when legal action may be necessary.
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Struggling with past-due accounts? Learn how forbearance can provide short-term relief while protecting long-term cash flow—and discover when it's the right tool for your business.
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As small businesses navigate 2025, economic uncertainty continues to shape financial landscapes, with tariffs playing a pivotal role. Trade policies and import costs impact operational expenses, profitability, and ultimately, business debt levels. This article explores how tariffs influence small business debt, drawing insights from Global Findex data and past economic trends, and provides strategies for businesses to stay financially resilient in a shifting market.
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Small business debt is a growing concern in 2024, with rising interest rates, inflation, and cash flow challenges affecting entrepreneurs nationwide. Using insights from the Global Findex Database, this article explores key debt trends, the biggest financial hurdles small businesses face, and practical strategies for managing outstanding receivables. Whether you're struggling with late payments or looking to optimize your financial stability, understanding these insights can help you make informed decisions.
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