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Survey says: Worries are widespread

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  • | 10:33 p.m. January 12, 2012
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Turns out entrepreneurs and executives have some company in one of their greatest worries about the 2012 economy: The fear of uncertainty.

This time it comes from business credit professionals. Indeed, according to a new survey from the National Association of Credit Management, “lingering uncertainties about the still-sluggish economic recovery” are the profession's No. 1 concern for 2012. Credit professionals manage business credit and accounts receivables.

The survey reports 26.7% of nearly 1,000 participants checked lingering uncertainties as their top worry. “The result was expected,” the survey stated, “as credit professionals continue to face stagnant business conditions along with an increase in bankruptcy filings, preference actions and customer difficulties.”

The profession worries about more than uncertainty, too. Almost one-fifth of the survey respondents, 19%, report that slow payment, delinquencies and general customer creditworthiness are their top concerns for 2012. Another 11.7% listed job security, the future of their career or ensuring that salary keeps pace with cost of living as top concerns.

The Columbia, Md.-based National Association of Credit Management represents more than 15,000 business credit and financial professionals.


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