Don’t be confused or misguided by companies who may appear to be NACM, although are NOT! There is a small company that is targeting NACM members, guiding to a link that leads back to an organization that is not associated with NACM.

The company, NCMA USA / NATIONAL CREDIT MANAGERS ASSOCIATION is not associated with your NACM Commercial Services membership or the services you receive by NACM. Unfortunately, there are pretenders attempting to trade upon the name, success and reputation built by your NACM over a 125 year period. They are attempting to trick you.

Respectfully, we remind all our NACM Commercial Services members to slow down and look carefully at emails soliciting your collection business.… Read the rest

When a credit grantor is selling a sole proprietor, partnership, small corporate entity, or has obtained a personal guarantee, you should consider obtaining a consumer report on the owner(s) of that business. Although, the Fair Credit Reporting (FCRA) permits the use of a “consumer credit report” with a permissible purpose, it is recommended that you include the authority to obtain an individual report within the body of the application or as a separate document. If the personal guarantee is part of your credit application there should be a clear delineation from where the credit application ends and the personal guaranty begins. The signature line for the personal guaranty should be separately signed without a designation of title.… Read the rest

Written by Diana Mota, FCIB

Nearly 20% of credit professionals who responded to the December FCIB International Credit & Collections Survey said they were experiencing an increase in payment delays in Mexico. About 10% noted a decrease; 62%, no difference; and 10% were not experiencing any delays.

The majority of respondents offer payment terms of up to 60 days. About 23% offer 61-90 days, and about 5% do not offer terms. The top three contributors to payment delays were cash flow issues (42%), customer payment policies (16%) and cultural norms and customs (11%). Average number of days beyond ranged from none to 75 days.

“Mexico’s economy is extremely volatile, and it is customary for customers to try and negotiate credits when they are extremely past due,” a respondent noted.… Read the rest

Laura Rothman – Account Executive
California

HI, I’m Laura and I’ve been an Account Executive with NACM Commercial Services for almost 2 years although I’ve worked within the NACM for 30 years!

I live in Laguna Niguel, California, and service our membership in the Southern California Region. It’s been an educational 30 years, learning about various industries – what members manufacture or distribute, who they sell to, how they are affected by the economy, pandemic, and more. I also enjoy learning about my members on a personal level; their families and interests, pets, etc! Sadly, the pandemic has prevented me from being able to visit my members, but I hope to be out and about again in 2021!… Read the rest

December 2020 Report
Dun & Bradstreet’s U.S. Economic Health Tracker is a monthly, multi-dimensional review of the health of the economy.

U.S. Small Business Health Index
The Small Business Health Index (SBHI) measures business health at the Metropolitan Statistical Area (MSA) and Industry (SIC) level as it relates to payment patterns, failure rates, and credit use. The SBHI follows a sampling of all active small businesses with fewer than 100 employees and combines pro- and counter-cyclical elements to provide a simple, representative number. Using 2004 as the base year (index value 100), improvement is designated by an index value above 100. The index is a combination of pro-cyclical and counter-cyclical elements – reflected in one number and is calculated quarterly.… Read the rest