Credit risk: what is it and how do you manage it?

| December 26, 2019

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Credit risk is the risk of financial loss a company may suffer when a client isn’t capable of meeting his or her obligations related to invoices., Well thought-out credit risk management is essential to avoid not being paid (on time) and to ensure a good cash flow and the financial health of your company. Credit risk refers to the risk of financial loss as a result of any party failing to comply with certain terms and conditions of a contract.

Spotlight

Flagship Credit Acceptance

Flagship Credit Acceptance has helped thousands of borrowers with less-than-perfect credit secure vehicle financing. As one of the fastest growing independent lenders in the auto finance industry, we take pride in providing our customers and partners with competitive products, best-in-class service, and responsive support. We provide valuable assistance to those with compromised credit by funding the purchase of their primary source of transportation. Are you looking for a new career direction? Whether you’re new to the industry or you’re an auto finance veteran, an opportunity with Flagship Credit Acceptance is unlike anything you’ve experienced. We don’t just hire people to fill positions we provide an evolving range of opportunities to build fulfilling careers, lives, and futures. Our associates come on board to learn and grow with the company. We work hard to provide a positive, supportive environment where each associate feels encouraged and empowered to contribute to our processe

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Spotlight

Flagship Credit Acceptance

Flagship Credit Acceptance has helped thousands of borrowers with less-than-perfect credit secure vehicle financing. As one of the fastest growing independent lenders in the auto finance industry, we take pride in providing our customers and partners with competitive products, best-in-class service, and responsive support. We provide valuable assistance to those with compromised credit by funding the purchase of their primary source of transportation. Are you looking for a new career direction? Whether you’re new to the industry or you’re an auto finance veteran, an opportunity with Flagship Credit Acceptance is unlike anything you’ve experienced. We don’t just hire people to fill positions we provide an evolving range of opportunities to build fulfilling careers, lives, and futures. Our associates come on board to learn and grow with the company. We work hard to provide a positive, supportive environment where each associate feels encouraged and empowered to contribute to our processe

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