What Does Inflation Mean for Credit Lending?

Are you a creditor?

Have you noticed increasing late payments from your customers?

Inflation and interest rates in the United States began increasing in 2021. While they’re decreasing now, they’re still affecting businesses. Inflation has been making credit lending more unstable and higher interest rates make borrowing money riskier.

What Does Inflation Mean for You?

• General business expenses cost more 
• You may have to increase your prices
• If you buy materials for your products, you may have to purchase less, or find cheaper alternatives
• You may have to restructure your buying, inventory, and production habits

Learn how inflation also affects your customers!

Commercial Collection Agency in Michigan

At the first sign of nonpayment or payment disputes, call RSD, a commercial collection agency in Michigan.

RSD has been collecting with empathy and kindness for over 45 years, helping businesses like yours get the money you deserve!

Give us a call at 248-370-8160 or fill out a claim form today.