By Steve Green, Las Vegas Sun
Individuals in Nevada aren’t alone in struggling to pay their bills.
With their customers facing high unemployment, bankruptcy and foreclosure rates, many Nevada businesses aren’t paying their bills on time and the state leads the nation in the Past Due by States report compiled by Cortera, a data analysis company.
The report issued Tuesday by Cortera, based in Quincy, Mass., and Boca Raton, Fla., is an index of business accounts receivable activities by state.
The report found that 25.55 percent of Nevada-based business accounts are past due, the highest percentage in the nation and the ninth straight month that Nevada has held that distinction.
Nevada’s past due rate is 50 percent higher than the national average of 16.99 percent past due.
Also high on the list are Utah (24.38 percent), Minnesota (24.02), Colorado (21.92), Arizona (21.64), Wisconsin (21.37), Hawaii (20.71), New Mexico (19.73), Oregon (19.63), and Texas (19.52).
The Nevada rate is up from 23.5 percent in June, Cortera said.
"Cortera is one of the true innovators in our market. We've worked with them for years and I have only great things to say. Their new community approach to credit reporting is yet another example of their industry leadership."
"eCredit by Cortera created efficiencies for Xerox by centralizing credit information, shortening approval cycles and standardizing polices & reporting. The investment in Cortera's eCredit software has significantly improved customer relations & productivity. It's a great fit for our business."
