PYMNTS.com interviewed CreditRiskMonitor CEO Jerry Flum about the "ticking time bomb" of non-financial corporate debt worldwide in 2018 and what the future holds.
In 2022, end users are leveraging CreditRiskMonitor’s API to improve workflow efficiency, and communicate reliable, reputable data across their entire teams. This scalable data provides automation for company evaluations to improve credit reviews, cash collections, and minimize receivable write-downs.
Listen up: Audacy, Inc., the largest radio and podcast company in the U.S., is bankrupt after years of debt financing, in reaction to macroeconomic challenges brought on by a massive decline in advertising revenue.
Real Industry, Inc., suffered from costly debt financing, their risk further spotlighted by crowdsourced data harvested from credit managers.
Finances seem not to compute these days for California-based tech solutions provider Quantum Corporation, now at heightened risk of bankruptcy in 2018.
Bankruptcy has come for Tuesday Morning Corporation, the once-popular off-price retailer that buckled after lenders put the kibosh on the company’s ability to borrow additional money to finance operations.
Online automotive retailer Carvana is rapidly burning through cash and sought out private equity financing as banks were unwilling to carry the risk. Before you extend credit, you may want to pump the brakes.
More and more, it looks like until the COVID-19 pandemic dies down, creditors should keep a close eye on Europcar Mobility Group SA. The Parisian rental car company's finances are stalling out.
