While we can blame the harsh winter weather for the conditions, we have to look at the multiplier effect it causes to these company's suppliers and the economy as a whole.
Atlanta, GA (PRWEB) June 04, 2014
C2C Resources, a commercial debt collection company, issued a statement today following the release of the Experian/Moody’s Analytics Small Business Credit Index report for the first quarter of 2014 earlier last month.
According to the released report, small-business credit balance conditions dropped by 1.2% from the fourth quarter of 2013 to the first quarter of 2014. Although the sector witnessed steady growth throughout 2012 and 2013, the first three months of 2014 resulted in a halt on the improvement.
The findings cite one of the leading causes for the decline was due to the harsh winter weather that plagued much of the country last quarter. With these conditions, the experts at Experian and Moody’s Analytics believe the findings in the report are not concerning and expect recovery in the second quarter report.
Todd Tinkler, President of C2C Resources, commented on the findings. “Even from a slight increase in the delinquency rate across the country for small businesses, we, at C2C Resources, noticed an significant interest and need for our debt collection services. While we can blame the harsh winter weather for the conditions, we have to look at the multiplier effect it causes to these company’s suppliers and the economy as a whole. The country is making strides in the right direction to improve the economy, but it still has a long way to go.”
Tinkler believes that even when there is an explanation for a delinquency, like harsh weather, companies need to be diligent with tracking the payment efforts of their customers. He suggests that companies should utilize C2C Resource’s free web-based accounts receivable management system, Profit Maximizer, to record notes and schedule calls with past due customers.
“Even if next quarter’s report finds that small business delinquency is improving, that still means that there are delinquent customers out there,” said Tinkler. “We want your company to be profitable and believe that by utilizing the right tools, you can overcome the setbacks reported from the first quarter.”
About the Small Business Credit Index:
Experian’s Business Information Services and Moody’s Analytics have been releasing the Small Business Credit Index report on a quarterly basis since 2010. The report features an in-depth analysis of the health of small business credit throughout the United States.
About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 20,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.
C2C’s powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.