Aktive Kontoführung erhält Kreditwürdigkeit

How companies are ruining their credit scores. . . .

by Julia Scharmann

… and how that can be prevented with active account management!

Many companies are not aware that account management is the reflection of the company’s overall situation.
In difficult times – such as a tense overall economic situation – this can be a downfall. But: it doesn’t have to be that way if you pay attention to details.

Stay in control of your trade and preserve financing options!

The opportunities for financing companies are increasing.

The house bank no longer necessarily plays the central role. It is being replaced by platforms on the Internet that enable companies and their advisors to quickly obtain offers for their financing needs. The platforms take over the first step of the required creditworthiness check of the future customer. Only then they pass on the requests to their financing partners.

Because the platform operators do not know the company, account statements are requested. These can be easily evaluated – and at the latest there it can be critical for the first time, because: if there are reverse bookings of direct debits in the statements due to a lack of account coverage, the credit rating drops drastically.

If payments to the main customs office or bailiffs are found on the account statements, the companies usually have no chance of placing their credit requests with potential partners of the platforms.

And so the company is now trying it through the house bank after all. The bank will understand the situation, because it knows the company. And again it becomes critical! The house bank has a rating for the account management of its customers – also debit returns and overdrafts of the credit lines play an important role here. If the so-called account rating is inadequate, access to a large number of development loans is blocked.

The company is then considered to be a company in difficulty.

If they want to avoid vulnerability at this point, companies need to consciously manage the movements on their account.

Direct debits are a good thing because you don’t have to worry about paying liabilities on time. However, direct debits also come when the account is not covered. And so, in times of liquidity bottlenecks, there is only one option: the company must remain master of the trade! Transfers can be actively controlled and direct debit returns can be avoided.

Active control of payment movements is elaborate and forces planning of payment movements – this is part of active crisis management.

If liabilities cannot be met on time, talking and coordinating with creditors is a mandatory step for every company. Planning payment movements leads to the company being able to successfully negotiate with creditors. When are which payments made? In many cases, arrangements can be made (of course in line with insolvency law). This avoids the need for coercive measures, which are inevitably reflected on account statements and deteriorate creditworthiness and scope of action. 

Actively addressing the problem and avoiding negative features from account management can keep formal creditworthiness in tact and open up more room for solutions. No company should be barred from seeking assistance credit because of debit returns. 

In summary:

  • preserve room of action through creditworthiness
  • actively manage your account movements
  • plan payment flows
  • talk to creditors
  • actively deal with problems
  • if necessary, get expert help

We have great experience with situations of this and similar nature, contact us – we will find a solution and guide you through the process.

Julia Scharmann
About Julia Scharmann
Aktive Kontoführung erhält Kreditwürdigkeit
How companies are ruining their credit scores. . . .