Third quarter 2020 data recently published in the Experian/Moody’s Analytics Main Street Report reveals disturbing trends in the world of commercial credit. The report offers insight and commentary into the current state of business credit — which today, thanks to the continuing COVID crisis — is tenuous. Main Street is […]
Bureau Releases CARES Act Post-Accommodation Guidelines
August 24, 2020 By Leave a Comment
Since the President declared the COVID-19 national emergency on March 13, 2020, Americans have faced unprecedented financial hardships. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, provided $2 trillion in economic relief. Along with that relief came new guidance for creditors. The purpose […]
TransUnion Report Reveals Pandemic’s Impact on Rental Industry
July 18, 2020 By Leave a Comment
The COVID-19 pandemic has wreaked havoc on our global economies. Some populations, though, including renters, have been particularly hard-hit. TransUnion recently conducted an intensive analysis to better understand the impact of shutdowns, illness, and quarantines on the financial health of renters. The results, published in June 2020, offer valuable insight […]
Reporting Buy Here, Pay Here (BHPH) Credit During COVID-19
July 3, 2020 By Leave a Comment
While it’s true people drove fewer miles during COVID-19 quarantines, their vehicles — and the loans that they secure — are still vitally important. Unfortunately, many auto owners are facing pandemic-related economic hardships that make paying those vehicle loans especially difficult. If you’re a buy here, pay here (BHPH) dealer, […]
How To Report Commercial Credit During the COVID-19 Pandemic
April 29, 2020 By Leave a Comment
While the financial consequences of the COVID-19 pandemic have hit consumers hard, small businesses are facing their own set of problems. If you’ve extended credit to a business that has been impacted by the pandemic, you’re well aware of what they’re going through. It’s likely your commercial debtors have contacted […]