Bad debt expense has risen to approximately 28% of sales due to inflationary pressures on consumers.
Identifies customers who are delinquent but have paid something recently. buy here pay here payment center
To maintain an "audit-proof" operation, your payment center should generate these five reports monthly. Purpose: Tracks how long payments are overdue. Bad debt expense has risen to approximately 28%
A BHPH payment center's success is measured by rather than just sales volume. High-performing centers typically maintain a payment yield (actual cash collected vs. scheduled) of 85% or higher. Core Industry Benchmarks (2024–2026) Purpose: Tracks how long payments are overdue
Summarizes cash, credit, ACH, and checks while highlighting NSFs (Non-Sufficient Funds) and chargebacks. 5. Promise-to-Pay (PTP) Kept Rate Purpose: Measures collector effectiveness.
This report provides a comprehensive overview of a performance, focusing on collection efficiency, portfolio health, and operational benchmarks. 📊 Executive Summary: Portfolio Health
60+ day delinquency reached a high of 6.65% at the end of 2025.