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stimulus

How the Recent Stimulus Will Affect Furniture Retailers

One of the many measures used to counteract the effects of the COVID-19 pandemic has been direct economic stimulus payments to millions of Americans. While the amount received by each person or family depended on variables like income level and number of dependents, the vast majority of Americans received multiple payments during the pandemic.

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debt_collection_agency

Customary Business Practices for Turning a Debt over to a Collection Agency

When you offer credit to a customer, the last thing you want is to eventually turn that customer over to a collection agency. Unfortunately, collections are an inevitable part of the commercial credit game, and some of your accounts are going to reach this endpoint from time to time. Working with a good collection agency […]

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risk_management

Risk Management in 2021: How the World’s Volatility is Changing the Landscape

As we move into 2021, it’s safe to say that no one has a good handle on where the world’s economy is headed. Sure, there are plenty of opinions, and you may have your own theories, but 2020 taught us that we don’t know as much about the future as we previously believed. So, when […]

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delinquent_accounts_collections_fmca

What Information Should You Gather on Delinquent Accounts Before Collecting?

Collecting on delinquent accounts is a challenge. For home furnishings suppliers, it’s important to build and maintain positive relationships with retail partners – and collecting on an account is only going to serve to strain that relationship. Unfortunately, there will reach a point with some of your accounts where collecting is the only option. In […]

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furniture_credit_industry_collection

Traditional Collection Agency Vs. Member-Owned Collections Services

Traditional Collection Agency Vs. Member-Owned Collections What do Neimen Marcus, Stein Mart, and JCPenny all have in common? They each filed Chapter 11 bankruptcy this year (Neiman, luckily, emerged from it). As a credit manager, it is important to keep abreast of the latest trends in retail so you can make smart credit decisions. And […]

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