JSP Credit Management

FEBRUARY 3, 2022

As a leader in business to business debt collection services, we’ve been asked to share our insights into the size and scope of the b2b debt collection industry. After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. billion by 2022.

Debt Collections 52

Debt Collections Collector Credit and Collections Credit Risk 52

Know-It Global

JULY 26, 2023

Evaluate and improve your credit terms Begin by assessing your current credit terms and ensure they are reasonable and aligned with industry standards. Consider shortening the credit period, tightening credit limits, or implementing stricter credit approval processes. Struggling for time?

Electronic Funds Transfer 98

Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

Emagia

FEBRUARY 2, 2024

OTC, the main cash flow driver, has many subsets within it, and credit management is more important than it looks on the surface. The top line and bottom line will be positively impacted when a sales order is received and fulfilled, but your business is at risk till you collect cash against the invoice.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

FICO Blog

FEBRUARY 7, 2023

Saxon Shirley Fri, 05/20/2022 - 06:06 by FICO expand_less Back To Top Tue, 02/07/2023 - 19:10 As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem. BNPL in Credit Reports: How Could This Data Impact FICO Scores? Read the full post 2.

Credit Scoring 52

Credit Scoring Debt Collections Credit and Collections Medical Billing 52

Biz2X

JULY 11, 2023

This guide makes the case for why lenders, including banks and credit unions, MUST invest in business loan automation. It also offers automated debt collection. Easy-to-set borrower eligibility requirements, including minimum monthly income, geographical location, credit history, and more, based on your firm’s lending policies.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Credit Unions 52

Due

JANUARY 3, 2023

You might get asked similar questions by lenders when you apply for loans and credit cards. To find out, they might check your credit report. What are credit reports, why are they important and what is in them? What is a Credit Report and Why is it Important? Credit Reports vs. Credit Scores.

Credit Scoring 119

Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 119

FICO Blog

MAY 2, 2023

This will reduce consumer harm by reducing unaffordable lending decisions and inappropriate restructures within collections, by reducing the reliance on assumptions and averages within affordability calculations. Explainable AI changes this.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk 52

JSP Credit Management

OCTOBER 10, 2021

Some lawyers are not so keen on the idea, which does not come as a surprise but AI is already being used to make important decisions that will go on to significantly impact the life of the people who are subjected to it, such as in the case of credit lending decisions. But what does all this mean for the debt collection industry?

Collector 52

Collector Debt Collections Credit and Collections Bad Debt 52

FICO Blog

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022). Building portfolio risk resilience into Collections & Recovery. Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management.

Credit and Collections 52

Credit and Collections Debt Collections Default Credit Risk 52

Gaviti

NOVEMBER 16, 2023

The method you choose will depend on a range of factors, including how you define a delinquent account, the level of delinquency, how it impacts your organization, and whether or not it affects your company’s credit report. It extends the time period until a receivable is collected, increasing the risk of negative cash flow.

Credit and Collections 52

Credit and Collections Bad Debt Debt Collections Invoice to Cash 52

FICO Blog

JANUARY 19, 2023

How credit and debit card spending and borrowing are changing over time. Some consumers may look like typically “good customers” today from a credit risk perspective, but their situation could quickly deteriorate if they suffer a payment shock from a re-mortgage, their savings are exhausted, or they experience reduced income.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Default 52

JSP Credit Management

SEPTEMBER 23, 2021

When JSP Credit Management was first incorporated, naturally a fair amount of preparatory work had already been done. This has been one of JSP Credit Management’s core mantra’s since starting up. Things such as building a website, getting our terms and conditions done, and building a business plan. Marketing plan?”,

Debt Collections 52

Debt Collections Credit and Collections Bad Debt Credit Management 52

Know-It Global

JUNE 20, 2023

Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. Setting Up Credit Control Processes 1.1 This is where business credit checking comes into play.

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19

JSP Credit Management

DECEMBER 14, 2021

One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too. Surely, everybody pays when they have been paid themselves.

Law Firms 52

Law Firms Credit and Collections Debt Collections Credit Risk 52

FICO Blog

JANUARY 9, 2023

Plenty still have siloed data across marketing, credit risk, customer management, fraud, compliance, and collections operations. For those customers do still make their way into arrears, adapting the collections approach to each customer’s circumstances and needs can drive better outcomes for both firms and customers.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Transactions 52

Abrigo

NOVEMBER 22, 2021

Takeaway 3 Consumer compliance laws related to debt collection and preventing money laundering are also important for lenders. Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Pandemic Issues.

Credit and Collections 78

Credit and Collections Debt Collections Credit Unions Credit Risk 78

Know-It Global

SEPTEMBER 19, 2023

Know-it, a Scottish fintech that provides a cloud-based credit management solution for small-to-medium enterprises (SMEs), is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. Lynne Darcey Quigley’s Know-it platform automates payment chasing and debt recovery.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Small Businesses 52

Know-It Global

SEPTEMBER 19, 2023

Know-it, a Scottish fintech that provides a cloud-based credit management solution for small-to-medium enterprises (SMEs), is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. Lynne Darcey Quigley’s Know-it platform automates payment chasing and debt recovery.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Small Businesses 52

Know-It Global

SEPTEMBER 19, 2023

Know-it, a Scottish fintech that provides a cloud-based credit management solution for small-to-medium enterprises (SMEs), is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. Lynne Darcey Quigley’s Know-it platform automates payment chasing and debt recovery.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Small Businesses 52

Know-It Global

SEPTEMBER 19, 2023

Know-it, a Scottish fintech that provides a cloud-based credit management solution for small-to-medium enterprises (SMEs), is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. Lynne Darcey Quigley’s Know-it platform automates payment chasing and debt recovery.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Small Businesses 52

JSP Credit Management

SEPTEMBER 28, 2021

So a career in various credit management roles before JSP Credit Management being born of over 15 years has left us extremely well placed to pass comment on some potential causal factors affecting non-payment. However, we are not just here to slap commission rates on provisioned debts for companies and set about recovering it for them.

Credit and Collections 52

Credit and Collections Collector Bad Debt Debt Collections 52

JSP Credit Management

APRIL 19, 2022

JSP Credit Management's journey so far has taken some unexpected turns in its short lifespan. This brought us to considering tendering for commercial debt collection contracts for public sector organisations and other larger private organisations. That is "what was your recovery rate?", and contact us to discuss your needs.

Debt Collections 52

Debt Collections Credit and Collections Collector Bad Debt 52