Author name: AskNeo Media

Revenue-Based Financing: Powering Innovation + Growth

Revenue-based financing agreements (RBFA) are rapidly emerging as a powerful force driving innovation, business growth, and economic prosperity worldwide. Unlike traditional loans, RBFAs offer businesses access to essential capital without the burden of debt or usury concerns. This unique alternative is built on a foundation of shared risk and reward, fostering a collaborative environment where …

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What the Q3 delinquency rates mean for the US economy

In the third quarter of 2023, the United States witnessed a noticeable increase in delinquency rates across various sectors, reflecting broader economic challenges. This article delves into the details of these rising delinquency rates, analyzing their implications and underlying causes. Mortgage Delinquencies According to the Mortgage Bankers Association’s National Delinquency Survey, the delinquency rate for …

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Credit Card Debt in Q3: Rising Consumer Confidence and Increased Spending

Credit Card Debt in Q3 2023 In 2023, the United States saw significant shifts in credit card debt levels, particularly in Q3. This article examines these changes, placing a spotlight on Q3 2023 and drawing comparisons with earlier quarters. In Q3 2023, U.S. household debt levels, driven largely by credit card borrowings, surged. Overall debt …

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When Is the Right Time to Partner with a Commercial Collections Firm?

Cash flow hiccups due to default can disrupt even the most resilient businesses. As defaults slip from 30 to 60 to 90 days overdue, the likelihood of collecting on those debts without assistance diminishes. This is where a commercial collections firm comes in, providing the expertise to pursue outstanding debts while allowing businesses to maintain …

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Rise in Business Bankruptcy Filings in 2023

The year 2023 has seen a significant uptick in business bankruptcy filings in the United States, a trend mirroring the economic challenges coursing through various sectors. According to data released by the Administrative Office of the U.S. Courts, business bankruptcy filings rose by a staggering 23.3%, from 12,748 in the year ending June 2022 to …

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Consumer Confidence and Debt Levels Paint Mixed Economic Picture

The economic landscape of the United States in 2023 continues to be a mixed bag as reflected by various indicators. The Consumer Confidence Index (CCI), Housing Debt, and Credit Card Debt Levels provide insights into the financial health and sentiment among American consumers. Meanwhile, the Nasdaq indicates how swiftly individuals and businesses are adapting to …

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10 Key Considerations to Choose the Ideal Recovery Service for Your Business.

In today’s dynamic business environment, managing financial recoveries effectively is paramount. The U.S. trailing-12-month speculative-grade corporate default rate is expected to reach 4% by December 2023, up from 1.7% in December 2022, according to a report by S&P Global Ratings​. As businesses grapple with the challenges of outstanding debts and financial discrepancies, the role of …

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Economic Pulse: August 2023

Welcome to our monthly economic analysis, recapping the prior month’s performance. This report zeroes in on pivotal metrics: the unemployment rate, non-farm payrolls, and the inflation rate. We’ll also periodically dissect the GDP growth rate on a quarterly basis as data emerges. In August, the economic backdrop was shaped by enduring high interest rates, volatility …

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