Related Topics: | Credit Advice | Debt Collection | CREDIT WATCH | Expert Advice |

What danger signs show that a debtor is on trouble?

Many business people have taken on numerous credits and loans and now find out themselves too far into debt.

For example, if you can only pay the minimum monthly payment on your term loan, or if you are borrowing from one bank to pay loans of another bank, or if you have use credit or money you had set aside in a savings account to pay for business expenses, you may be too far into debt.

If your customer or debtor's name appears in any Credit Reporting Bureau, for example, with CTOS or in our CREDIT WATCH, your credit risk to them will be increased.

 


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