The average company writes off about 4 percent of accounts receivable as bad debt. Furthermore, about 26 percent of invoices that are not paid within three months are uncollectable. No matter your ...

When you make a loan, either personally or as part of your business, you expect to be repaid. However, not all loans turn out well. When debt goes bad, the Internal Revenue Service permits you to ...

Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending credit to customers, then you’ve likely had an experience with bad debt or will at some ...

Not all debt is necessarily bad or disadvantageous to your goals. For many of us, and especially entrepreneurs, debt is merely a fact of life. What most of us don’t realize is that when used ...

Most companies sell their products on credit, for the convenience of the buyers and to increase their own sales volume. The term bad debt refers to outstanding debt that a company considers to be ...

Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it plays a big role in how ...

Borrowing has become a normal part of life for most people, especially as everyday costs continue rising. Whether it's groceries, gas or housing, many Americans are now relying more heavily on credit ...

Since the start of 2023, Nevada has written off more than $106 million in bad debt, money that state officials have determined is impossible or impractical to collect ...

In a perfect world, you would be paid for the goods or services that you have provided to a customer or client — each and every time you provide them. Unfortunately, we don’t live in such a world and ...

Debt is something that is generally regarded as a bad thing. On the surface, it makes sense. Personal finance teachers are very against debt. They offer advice like freezing your credit cards in a ...