Commercial fraud prevention causing unintended harm
We often hear anecdotes from our clients about a recent string of bad debt, soliciting advice on how best to prevent future losses. Typically, with an increase in credit loss, maybe your natural reaction is to tighten up on credit evaluation criteria to screen out look-alikes? In so doing, you can also impact the ability to grow, and in the process, exclude good customers by retooling your lending criteria, weeding out fraud.
In our upcoming 15-minute Sip and Solve webinar, we’ll explore whether tightening your credit score cards could unintentionally cause dozens, hundreds, thousands of small businesses not to receive the credit they deserve.
Date: Thursday, April 22nd, 2021
Time: 10:30 a.m. (Pacific) 1:3- p.m. (Eastern)
Session highlights
- Find out why misclassifying losses due to fraud as credit write-offs could impact your ability to grow your business.
- Learn more about delinquent small business credit behaviors versus small businesses looking to commit fraud.
- Discover how you can assess whether past charge-offs were actually due to fraud.
