Do you ever wonder why some people are deeply buried in credit card debt and debt in general while others have clean credit records, despite being on the same economic level? Wealthy and poor people exist side by side and sometimes even the same pay check and personal situations.
Of course, some people have certain advantages […]
There are lots of things that can lead to bad credit for small businesses but some things are more likely than most to cause problems for SMEs. All businesses are susceptible to cash flow problems and the trouble can be hiding in a number of places.
Preventing Bad Credit in Small Business
It might sound simple but […]
While there has been signs of business recovery in wake of the GFC, don’t be fooled into thinking that all businesses are out of the woods.
Recent data from the Australian Bankers’ Association, ASIC and the credit brokers show that there’s another wave of bad debts, administrations and insolvencies pending in small business land.
ASIC’s latest data on companies entering external administration for February 2010, was 827 which was higher than 2009 at 796 – with company insolvencies hitting 1159 nationally.
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Small businesses in Australia are continually finding themselves in a questionable position with the current financial standings for Australia. Their optimism and outlook for the current year are looking bleak due to interest rates creeping up and a strong exchange rate. Additionally, the floods and cyclones have created a point of no return for many […]
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