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Trade credit insurance can help ameliorate concentration risk by providing financial protection against customer defaults, allowing businesses to diversify their customer base with less fear of significant revenue loss from a single client. The graphic above shows how a company with trade credit insurance can transfer a significant amount of the risk of loss arising from customer/supplier nonpayment to the trade credit insurer.

#CreditEducationMonth – Although you may rightfully feel cautious about using a credit card, there are lots of advantages of responsibly using one to make purchases instead of cash. Learn about five benefits of having a credit card! #SmartHerMoney #FinancialEmpowerment

CreditSense powered by Savvy Money® can help you track your credit score, monitor your credit report, and receive personalized recommendations, but it’s important to understand how to choose and use credit cards. Check out this article from the Federal Deposit Insurance Corporation (FDIC) for tips and tricks to take charge of your credit cards: https://lnkd.in/eUQRxiVz Learn more about CreditSense powered by Savvy Money® here: https://lnkd.in/eW9-Sxwv

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The findings of the FCA's supervisory work on fair value (centred on cash savings, GAP insurance and platform cash) include important learnings for all firms subject to the Consumer Duty - we set out the key takeaways here: https://lnkd.in/g63N3cdv

Many insurers are taught to protect their bottom line by paying out as little as they can, often engaging in tactics like offering low settlement amounts in the hope that claimants will settle quickly to avoid a protracted process. Click here to learn more https://lnkd.in/gpQpDS4S

Trade credit insurance provides the food and drink industry a safety net against potential losses due to customer insolvency or nonpayment and facilitates credit management https://ow.ly/2SPM50SARXV #TradeCredit #CreditRisk #FinancialSolutions #WTWPerspective

Is there a rhyme and reason to your collection efforts, or are they initiated only when they become visible? Hopefully it is the former. Collections should be systematic and are at their best when specific customer circumstances trigger an effective response. This article identifies 12 collection triggers and the steps you should take in response: https://lnkd.in/eYf4NA2h #creditcontrol #collectionsmanagement #debtrecovery

How Your Credit Card Payments Are Applied to Your Balances