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Resources

Guides and checklists for credit teams.

Practical breakdowns of credit decisioning, risk monitoring, and collections, no gated forms, just the thinking behind how Thor is built.

A thin bureau file card with sparse data, connected to trade references, public records, and an estimated net worth signal that support a conservative credit limitGuide

What to Do If a Bureau File Is Thin

A thin or missing bureau file isn't a red flag on its own. Here's what to use instead of turning away good customers who just haven't crossed an arbitrary reporting threshold yet.

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A past-due balance converting into a short written payment plan with smaller installment checkpointsGuide

Collect What You Can: How Payment Plans Accelerate AR and Strengthen Customer Relationships

Chasing a full balance from an account that can't pay it right now isn't collections. A structured payment plan is usually the better wager: less money today, but more of it, sooner.

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Three ascending levels of payment history insight, from memory to a trailing average to a real-time model that watches for changeGuide

How Payment History Predicts Future Behavior

Past payment behavior predicting future behavior isn't a hunch. Most credit teams capture less of that signal than they think. Here's the three-level ladder from memory to real-time scoring.

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A live customer risk monitor with payment, public-record, engagement, and utilization signals, contrasted against a fixed calendar reviewGuide

Why (and How) Should You Be Monitoring Your Customers for Risk?

Most credit decisions get made once. Only 12% of credit teams reassess limits when they actually receive a risk signal. Here's what continuous monitoring should watch, and why the calendar isn't enough.

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Three collection intensity buckets (relaxed, standard, and aggressive) with an escalation staircase for 30, 60, and 90 days beyond termsGuide

How to Design a Collection Strategy

Collections strategy is two decisions made in advance: which bucket an account goes into, and what happens if they still don't pay.

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A past-due account path splitting into two lanes labeled unable and unwilling, showing why the same aging balance needs different responsesGuide

Unwilling or Unable to Pay? Why the Difference Changes Everything

Two past-due accounts can look identical on your aging report. One can't pay right now. The other can, and just isn't. Treat them the same and you'll get the wrong outcome with both.

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A utilization bar approaching a credit ceiling with an upward arrow raising the limit before an order gets blockedGuide

When Should You Increase a Customer's Credit Limit?

The worst time to raise a credit limit is while a sales rep has the customer waiting. Watch utilization early, rerun the formula, and treat capacity as a sales tool.

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A bridge connecting a recommended credit limit to a higher requested amount, with a signed personal guarantee spanning the gapGuide

Should You Be Requiring a Personal Guarantee?

When a personal guarantee actually closes real risk, and when requiring one by default just costs you customers.

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A checklist document with several items checked in green and two flagged items highlighted in amber, next to a credit file folder iconChecklist

The Credit Application Audit Checklist

What a defensible, consistent credit approval process should include, use it to see how your current process holds up.

Get the checklist
A credit limit dial moving between two zones labeled too conservative and too loose, settling on a calibrated middle rangeGuide

How to Determine a Credit Limit

A defensible credit limit starts with tangible net worth times a risk-adjusted percentage, not what the last similar account got or what sales asked for.

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A staged timeline showing three escalation points at 30, 60, and 90 days beyond terms, each preceded by a 14-day warning markerGuide

When to Escalate: A Collections Cadence Playbook

How to structure escalating outreach by days delinquent, and where automation should take over from a phone call.

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A downward-trending risk line chart with two glowing warning markers where early signals appearGuide

5 Early Warning Signs an Account Is About to Go Delinquent

The subtle payment and behavior shifts that show up weeks before an account misses a payment, and how to act on them before they hit your aging report.

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