It pays to be careful with credit management

Paula Carney-Hoffler, director at the Irish Institute of Credit Management

It would be reasonable to assume that when it comes to careful credit management the Irish should be top of the class.

After all the bad debts triggered by the economic collapse of the last decade saw so many Irish businesses go to the wall. If any nation should know how damaging bad debts can be, it should be us.

Family firms which, for generations had overcome fiscal and trading challenges, simply couldn’t ...