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Home » Store » News » Relationships, Cash Focus, Helped New Century Survive

Relationships, Cash Focus, Helped New Century Survive

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Want to position your company to weather the next industry storm? Don’t discount the importance of building relationships – and generating cash. That’s precisely the story told by officials at New Century Financial, one of a handful of independent finance companies to survive the liquidity crunch that crippled the market in late 1998, when loose underwriting, dubious accounting practices and concerns about the global economy conspired to send
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