Collector Credit and Collections Default Information 
Your Virtual Credit Manager
DECEMBER 26, 2023
In our case, we found our readers had an affinity for articles on identifying collection risks and the best ways of dealing with past due balances. First we look at Red Flags that may indicate a customer could begin paying slower or default. Far more damaging is a customer that defaults (never pays).
Your Virtual Credit Manager
MARCH 5, 2024
Finding the time and resources to accomplish all the collection activities required to do a good job is a constant challenge. Most small companies come up short because when there isn’t a dedicated employee responsible for credit and collections, the owner or CFO have more important things to do.
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Your Virtual Credit Manager
JUNE 6, 2023
People who are new to business collections are inclined to fall into one of several patterns. Seldom does a new collector appreciate the need for a balanced, holistic approach to debt collections. In time, as they become more familiar with the process of collecting, their productivity increases.
Your Virtual Credit Manager
NOVEMBER 29, 2022
Photo by Ralph Hutter on Unsplash Confronted with high interest rates and inflation, and heading into a what is increasingly looking like a recession, small- and medium-sized businesses (SMBs) will probably need to use a Collection Agency more than they have in the past.
Your Virtual Credit Manager
APRIL 23, 2024
History, other people’s experinces, is informative as well. ” (Photo by Devon MacKay on Unsplash ) This applies to credit and collections as well as anything else. Collectors are continually learning what works to get people to pay up and what doesn’t. That’s what this article explores.
Your Virtual Credit Manager
NOVEMBER 1, 2022
Photo by Kenny Eliason on Unsplash Effective collections is the single most important factor for achieving reliable cash inflows. Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. The solution to the collections challenge therefore starts with Prioritization.
MNS Credit Management Group
JULY 12, 2023
For instance, they could try internal or outside collection efforts or even file a lawsuit. Before the debt is deemed bad, collection measures may still be made. Let’s examine how financial organisations might lower the risk of lending money and boost collections. How may loan risks be diminished?
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