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Wait 'Til Next Year for Credit, Suppliers Say

Although more companies are collecting bills on time, a true strengthening of credit risk depends on an upsurge in consumer demand.

December 14, 2009

As they have in other parts of their jobs, finance chiefs have reasons to be cautiously optimistic about their trade-credit relationships with customers. After an extraordinarily bleak 2009, which saw many suppliers forced to renegotiate terms with their customers or write off bad debt altogether, creditors have been buoyed for the past three months by increased sales, applications for new credit, and bill collection, according to a leading indicator of the nation's credit health among businesses. Read more...

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