Your Virtual Credit Manager
JANUARY 16, 2024
Time is as much an enemy as anything else when you are charged with collecting past due accounts receivable (AR), so it is crucial you don’t waste time by making mistakes, which will also serve to elongate the collection process. Here then are eleven mistakes that business debt collectors should avoid: 1.
Your Virtual Credit Manager
APRIL 16, 2024
Ensuring Successful Debt Collections Even with these headwinds, there are steps trade creditors can take to improve their collections game: Be Proactive: It starts with a comprehensive credit application and vetting process and is complemented with clear communications about terms, the billing process, and the expectation of on-time payments.
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MNS Credit Management Group
AUGUST 11, 2023
Introduction In order to successfully recover debts in Singapore, a strategic strategy must strike a balance among ethical standards, effective communication, and legal issues. Debt collectors must use crucial tactics to do this, which guarantee a win-win situation for all sides. Price shouldn’t be the main consideration.
Gaviti
FEBRUARY 18, 2024
Regardless of the reason, typically once your unpaid or overdue invoice is more than 90 days overdue, however, it has evolved to become a debt. At this point, your business should move from handling the invoice in-house to managing it through one of the debt collection outsourcing services listed below.
Abrigo
NOVEMBER 22, 2021
Takeaway 3 Consumer compliance laws related to debt collection and preventing money laundering are also important for lenders. Regulation V, implementing the Fair Credit Reporting Act (FCRA) related to consumer reporting. Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA).
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