article thumbnail

Red Flags, Slow Payments, and Collection Secrets

Your Virtual Credit Manager

We then provide situation intelligence regarding the causes of past due balances, and finally reveal seven habits common to successful collectors. Hopefully, these insights will help you with your collection efforts Not a subscriber … why don’t you take advantage of a YVCM subscription? What do you need help doing?

Collector 130
article thumbnail

Member Alert: DFPI Announces Advisory Committee Vacancies Submissions Due February 23, 2023

RMAi Blog

Owner, corporate officer or senior-level employees of debt collector licensees or applicants. Representation of different industry segments required to be licensed, including third-party collection agencies, debt buying companies (preference for Receivables Management Certification Program), collection law firms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Outsourcing vs. In-House Debt Collection: Pros and Cons

Eastern Credit Management Services

Improved Cash Flow: Professional debt collectors have the skills to recover outstanding debts efficiently. Compliance and Regulations: Debt collection is a heavily regulated field. Cost Savings: In-house debt collection can be cost-effective for businesses with sufficient resources and a steady stream of customers.

article thumbnail

Should You Outsource AR Management?

Your Virtual Credit Manager

There are still some options here, including some firms that can help you with distributing both electronic and paper invoices, but you will need about 500 invoices per month for their services to provide economic benefits Collections : Many Collection Agencies will perform “first partycollections for you.

Bad Debt 130