Your Virtual Credit Manager

MARCH 19, 2024

When an unresponsive customer reaches 90 to 120 days past due, you should consider sending a final demand letter and then turning the account over to a third-party collection agency. Collection Activity: Investigate the reasons behind the abrupt changes in payment behavior and assess the debtor's financial situation.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR) 100

Your Virtual Credit Manager

AUGUST 8, 2023

Furthermore, it is extremely important your later phase collection efforts get the job done, because if they don’t, the best case scenario is that you will be out the cost of having a third party collection agency or collection attorney recover your funds. The worst case scenario is a bad debt loss.

Credit and Collections 100

Credit and Collections Third Party Collections Bad Debt Credit Management 100

Fundera

APRIL 6, 2016

It updates the previous FICO Score 8 by changing the impact of third party collections, medical collections, and rental history. As a borrower, if you know which FICO score version your lender is using and what that version includes or doesn’t, you can compare it against your own credit records.

Third Party Collections 68

Third Party Collections Credit Scoring Credit and Collections Credit Application 68