Credit Management: Why payment culture needs to change

The country may be getting itself back on track in relation to credit management, but a lot of work still needs to be done, writes Dave Boland.

13th April, 2013
Shay Waldron, president of the Irish Institute of Credit Management: 'We're still waiting for the local economy to pick up'. Photo: Maura Hickey

Even the smallest ripples can become mighty waves, as sports fans know only too well. If a single spectator in the front row of a stadium stands to get a better view, the person behind has to stand as well, and soon the entire section becomes a terrace of standing onlookers, craning their necks and wishing they could take their seats again.

It is a similar situation with creditors and debtors, where even a single...

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