Cortera, a provider of collections and credit data for commercial enterprises, released its most recent data that assesses the overall economic health of a region based on how well companies are paying their suppliers.
The report shows that, nationwide, the total ratio of accounts receivable past due in February was 12.14%, down slightly from the 12.51% reported for January. However, data shows more past-due accounts are transitioning to “qualifier” status – which includes liens, bankruptcy, judgments, and accounts being placed for collections by the state.
According to Cortera, the number of accounts characterized as qualifiers reached 4.25% in February, up from 3.94% in January.
"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."
"It is very gratifying when your VP of Finance comes out of his office to congratulate your team on their improved metrics. Our partnership with Cortera has really helped us to achieve these results."
