by Nancy Seiverd | Oct 4, 2021 | Uncategorized
Have you ever been called about a Zombie Debt?No, and I’ve never heard of such a thingOnce and it was many years agoOn occasion I’ll get a callYes, and sad to say, I’m often getting contacted for theseChoose You may be asking, what on earth is a Zombie debt? Like the...
by Nancy Seiverd | Sep 8, 2021 | Uncategorized
How often do you need to renegotiate a past due payment agreement? Not very oftenSomewhatA fair amount, especially in an unstable economyIt seems like all the timeChoose It’s frustrating when payment agreements are not upheld but it’s also important to recognize that...
by Nancy Seiverd | Aug 9, 2021 | Uncategorized
To what extent do you help a customer to resolve the reason(s) for non-payment?Almost never as I don’t want to get involved and send the wrong messageI listen and I'm empathetic and very lightly make some suggestions.A fair amount and try to advise them as best...
by Nancy Seiverd | Jul 14, 2021 | Uncategorized
How often do you use statistics to analyze your work?Never - not even sure what they areOn occasion - just the basic measurements Sometimes - we find them useful for improving our operationAlways - they help us immensely in understanding all aspects of our business...
by Nancy Seiverd | Jun 8, 2021 | Uncategorized
At what point should Sales get involved in a collection situation?Never - as they usually give in to unfounded excusesAs necessary - when you as the credit/collection professional are trying to resolve a dispute against the product or serviceFrequently - as we work in...
by Nancy Seiverd | May 4, 2021 | Uncategorized
Does it help or hurt one’s credit career when being assigned to a different position within the company? Very helpfulSomewhat helpfulNot helpful at allPossibly detrimentalChoose I’ve been hearing from some credit professionals informing me they have been assigned to...
by Nancy Seiverd | Apr 6, 2021 | Uncategorized
What's the most important thing for you when doing your credit & collection job?Collecting a large outstanding account.Helping sales to get the new client.Making sure you stay motivated.Keeping a tight lid on past due accounts.Working with past due accounts...
by Nancy Seiverd | Mar 9, 2021 | Uncategorized
What’s the range of the average salary for a credit risk manager in the U.S.? $60K – $80K$80K – $100K$100K – $120KOver $120K According to the website, Salary.com, the average Credit Risk Manager salary in the United States...
by Nancy Seiverd | Feb 8, 2021 | Uncategorized
How valuable would it be to serve on the Committee of Unsecured Creditors? ExtremelySomewhat Not so muchNot at all With bankruptcy filings up by more than 25% during this past year, and surely with many more to come in the near future, an increasing number...
by Nancy Seiverd | Jan 11, 2021 | Uncategorized
How valuable is an MBA these days? ExtremelySomewhat Not so muchNot at all I read an interesting article recently on whether or not a Master’s in Business degree is really as lucrative or as educational as it used to be. Certainly, there’s always great...
by Nancy Seiverd | Nov 10, 2020 | Uncategorized
In 2019, what was the average per capital consumption of turkey in the U.S.? 5.5 pounds11.2 pounds16.1 pounds7.8 pounds21.3 pounds Today’s consumer recognizes turkey’s nutritional value and enjoys turkey year-round – not just during the holidays. The turkey...
by Nancy Seiverd | Oct 13, 2020 | Uncategorized
Which financial ratio is the most important to you in analyzing financial statements? Working Capital RatioQuick Ratio Gross Margin PercentageProfit Margin PercentageInventory Turnover Rate We credit professionals are finding that in these tough times it...
by Nancy Seiverd | Sep 9, 2020 | Uncategorized
How much can a company save per year when letting an employee work from home? $3,000$6,500$7,500$9,000$11,000 According to current data compiled and published by the marketing firm, Review42, $11,000 is how much companies can save annually for each employee that...
by Nancy Seiverd | Aug 11, 2020 | Uncategorized
Are Americans’ Credit Card Balances: • Increasing • Decreasing • Staying about the same According to current data from the Federal Reserve) revolving credit debt has declined for the third month in a row. Specifically, revolving credit debt dropped to $995 billion in...
by Nancy Seiverd | Jul 14, 2020 | Uncategorized
Which sectors are on target to surge during this pandemic? Light Consumer ManufacturingHeavy Equipment ManufacturingAgricultureGamblingRetail Alcohol Beverage To say the COVID-19 pandemic and its ensuing lockdown have caused a considerable hole in the world’s...
by Nancy Seiverd | Jun 9, 2020 | Uncategorized
Off the top of your head, how much do you think the U.S. National Debt is? $6 trillion$10 trillion$15 trillion$19 trillion$26 trillion Answer: As of May 2020, the National Debt reached a whopping $25.75 trillion! Given that the national debt has...
by Nancy Seiverd | May 12, 2020 | Uncategorized
How long will it take for the U.S. economy to recover from the Corona virus shutdown? 6 months1 year2 years5 yearsAnyone’s guess If you ask 100 economists when the U.S. economy will recover, you may very well get 100 opinions. With unemployment numbers...
by Nancy Seiverd | Feb 11, 2020 | Uncategorized
When was the first bankruptcy law recorded? 512 AD China 1313 Venice 1542 England 1789 France 1800 U.S Answer: 1542 England In England, the first official law concerning bankruptcy was passed in 1542 under Henry VIII. At that time, a bankrupt individual was considered...
by Nancy Seiverd | Jan 7, 2020 | Uncategorized
Which President held the position as a credit reporter during his lifetime? John Quincy Adams Abraham Lincoln Ulysses S. Grant Grover Cleveland William McKinley Jimmy Carter Answer: You’ll be very surprised to learn that Abraham Lincoln, Ulysses S. Grant, Grover...
by Nancy Seiverd | Dec 17, 2019 | Uncategorized
