RMAi Blog

FEBRUARY 6, 2023

Debt collection agencies are among the companies looking for solutions that can help them transform, and 2023 will be the year that voice-led tech will challenge the status quo of the ARM industry, especially when companies can deploy it within a day. It’s time for debt collectors to explore the potential impact of Voice AI.

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Debt Collections Collector Credit and Collections 130

Gaviti

FEBRUARY 17, 2024

For some customers, however, you’ll need another strategy altogether for collecting unpaid and overdue invoices: debt collection. The Key Components of Effective A/R Management The main aspect of A/R management is the collections of receivables. Deciding between debt collections and write-offs.

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Hilton Baird

AUGUST 14, 2023

The post How to get paid on time: Tips from a debt collection agency appeared first on Hilton-Baird Collection Services. This blog shares valuable tips, insights and strategies to help you to secure more timely payments from your customers.

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Chaser

JULY 25, 2023

If you find yourself having to write a debt collection letter, you're not in an enviable position. The only person worse off is the recipient of the debt collection letter you're about to send.

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Debt Collections 98

Enterprise Recovery

JUNE 30, 2023

Business-to-business debt collections could also impact your relationships with current and potential clients. Use these tips to protect your business reputation during B2B debt collections. Nobody likes asking for money - least of all when your clients aren't paying their invoices promptly.

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Debt Collections 73

Eastern Credit Management Services

JANUARY 12, 2024

In an era defined by rapid technological advancements, industries across the board are undergoing transformative changes, and debt collection is no exception even in Atlantic Canada. Artificial Intelligence (AI) Takes Center Stage Artificial Intelligence (AI) is emerging as a game-changer in many industries including debt collection.

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Debt Collections Credit and Collections Credit Management 52

Enterprise Recovery

APRIL 21, 2023

If those subscribers fail to meet their obligations, their accounts can be sent to collections for recourse. Non-payer churn is one of many reasons that Saas companies need debt collection services.

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Debt Collections 71

MNS Credit Management Group

JUNE 5, 2023

Introduction When a firm faces the non-payment of one or more invoices, that company will initially try to recover what is owed using an amicable debt recovery approach. Debt collection may be a difficult and delicate procedure that frequently leads to conflict between creditors and debtors.

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Debt Collections Collector Credit and Collections Credit Management 52

MNS Credit Management Group

MAY 25, 2023

The main purpose of debt collection in any country is to find an amicable and smooth settlement of dues between a debtor and a creditor. However, in Indonesia, there are no specific rules regarding debt collection service companies. Indonesia is no exception.

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Debt Collections Credit and Collections Collector Law Firms 52

Enterprise Recovery

APRIL 7, 2023

When companies seek out debt collection agencies that they can trust, they also want to work with those who understand their industry. When a debt collections agency speaks your language, B2B account recovery can be more successful.

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Debt Collections 68

Eastern Credit Management Services

JULY 21, 2023

As a trusted Canadian Debt Collection Agency, Eastern Credit Management Services (ECMS) understands the importance of streamlining debt collection processes to maintain strong client relationships and achieve optimal results. To streamline your debt collection process, embrace a multi-channel communication approach.

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Eastern Credit Management Services

OCTOBER 3, 2023

When it comes to debt collection, businesses are faced with a critical decision. Should they handle it in-house or outsource it to a professional debt collection agency like Eastern Credit Management Services (ECMS)? Resource Efficiency: Outsourcing debt collection saves your company time, manpower, and resources.

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Debt Collections Collector Third Party Collections Credit and Collections 52

Eastern Credit Management Services

AUGUST 15, 2023

In the ever-evolving landscape of finance and commerce, economic factors play a pivotal role in shaping various industries, including debt collection. As a leading Canadian debt collection agency, Eastern Credit Management Services understands the intricate relationship between economic conditions and the process of debt recovery.

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Debt Collections Credit and Collections Payment Portals Credit Management 52

MNS Credit Management Group

DECEMBER 2, 2022

It is the job of a debt collector to recover past-due bills owed to creditors. Debt collectors often receive a portion of any money they are able to recover. Debt collection is closely controlled in order to protect consumers from overbearing collectors. The difficulty of collecting on debt increases with age.

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MNS Credit Management Group

AUGUST 11, 2023

These vital techniques for effective debt collection in Singapore are covered in this brief guide. Understanding The Singapore Debt Collection Process There are several alternatives in Singapore for recovering debt. Being a developed market, there are both in-court and out-of-court methods for debt collection.

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Enterprise Recovery

JUNE 9, 2023

If you've ever struggled with chronic late-paying clients or are silently seething over invoices that were never paid, you're probably considering commercial debt collection. You may wonder how to escalate an unpaid debt to a collections agency and if they'll damage your client relationships.

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Debt Collections 62

MNS Credit Management Group

MARCH 2, 2023

Nowadays, there are two main methods of debt collection in Vietnam. The second option is to request assistance from a debt collection firm, which assists corporate clients in recovering their obligations. One must keep the following in mind when collecting debt in Vietnam: Vietnamese debt collection outside of court.

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Debt Collections Collector Bankruptcy Credit and Collections 52

MNS Credit Management Group

MAY 28, 2022

The Debt collections business is primed for even greater transformation in 2022, which should come as no surprise. Keep track of these items if you’re a developing collecting company to strengthen your operations, increase productivity, and improve client satisfaction. What is the Operating system for Debt Collection?

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Debt Collections Collector Credit and Collections Bad Debt 52

MNS Credit Management Group

OCTOBER 31, 2022

Thus, you can pretty easily find debt collection services in UAE with the help of Legal Consultants in Dubai. Debt collection simply entails pursuing a person to get him or the business the money that is owed. Always make the wise decision to consider your options for collecting your debt from debtors outside of court.

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Hilton Baird

SEPTEMBER 15, 2022

Collecting overdue invoices can be a difficult process, and there may be times when you need to turn to a trusted debt collection company. The post How to identify the best debt collection companies appeared first on Hilton-Baird Collection Services.

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Debt Collections 52

Chaser

FEBRUARY 2, 2023

Important subsections of business finance, credit management and debt collections are similar enough to often be confused, but are actually separate, critical, elements of your accounts receivable process.

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Debt Collections Credit and Collections Credit Management 52

Enterprise Recovery

NOVEMBER 4, 2022

Hiring a professional debt collection agency seems complex and a little uncertain. Maybe your only interaction with debt collection was as a consumer and that wasn't a positive experience. Here are tips to consider when hiring a debt collections agency for your business. No need to fret.

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Debt Collections 52

Credit Tools

JANUARY 24, 2023

All about the players in the field of legal debt collection, who to contact and when!

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Debt Collections 52

Eastern Credit Management Services

JUNE 13, 2023

Managing consumer and commercial debts can be a challenging aspect of running a business, but understanding the debt collection process is essential for maintaining a healthy cash flow. Establishing Communication: Open and effective communication is vital when attempting to collect debts. Reach out to us today.

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Debt Collections Credit and Collections Credit Management 52

JSP Credit Management

MARCH 16, 2022

We introduce ourselves at these events and then now and again someone will say, “oh ok, like debt factoring….”. It does not necessarily mean that debt collection and debt factoring are mutually exclusive. So, what about debt collection? Well, there are lots of different ways of doing debt collection.

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Debt Collections Credit and Collections Collector Credit Management 52

JSP Credit Management

JANUARY 10, 2022

This blog below is going to explore that change in more detail, and more specifically how it has affected the commercial debt collection industry. Finally, a shift towards more technology-based methods might have paved the way for efforts to streamline the debt collection process for some companies.

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Debt Collections Collector Credit and Collections Credit Management 52

JSP Credit Management

JUNE 27, 2022

For instance, our very first exposure to debt collection was only made possible by the kind of supervision from a more experienced debt collector that would be more akin to a guardian attentively watching over a new-born baby for fear of anything going wrong. How much inspiration have you taken from others?

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Debt Collections Credit and Collections Collector Credit Management 52

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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Accounts Receivable (AR) Debt Collections Credit and Collections Collector 130

JSP Credit Management

OCTOBER 31, 2021

This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. Therefore, a business owner operating as a Sole trader will be 100% personally liable for all debts owed by the business.

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Debt Collections Credit and Collections Law Firms Collector 52

Priority Credit Management Corporation

OCTOBER 16, 2020

However, if my future self came to talk to me before I started a career in debt collections and said…. Hello, past self, this is Brad from the future and you are going to KILL it in the debt collection business.". A DEBT collector?? There are several career choices in debt collection. Sky's The Limit.

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Debt Collections Collector Credit and Collections Law Firms 52

JSP Credit Management

APRIL 28, 2022

During a recent venture to Birmingham to attend a lecture on business strategy, we were made aware that our connection to the university qualified us for a free subscription to the Financial Times. That, we thought, was a genuinely nice benefit, to having been a product of university life.

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Debt Collections Bad Debt Credit Management Credit Risk 52

GoCardless

JUNE 25, 2020

Explore debt collection in the UK with our guide for small businesses.

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Debt Collections Small Businesses 40

RevCycle

JULY 26, 2023

The Consumer Financial Protection Bureau (CFPB) is concerned about the risks associated with medical debt credit cards. In a 2022 report, the CFPB found that these cards can lead to higher costs for patients, as well as increased risk of debt collection and bankruptcy. Aggressive debt collection practices.

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RMAi Blog

FEBRUARY 3, 2023

The California Department of Financial Protection and Innovation (DFPI) is currently soliciting applications for the 7-member Debt Collection Advisory Committee for the 2023-25 term. Experience with types of debt collection, including financial, educational, medical, retail, municipal, others.

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Third Party Collections Debt Collections Law Firms Collector 100

Eastern Credit Management Services

FEBRUARY 2, 2024

In the dynamic landscape of debt collection, where regulations evolve, debtor behaviors change, and technology advances, staying ahead of the curve is crucial for success. Navigating Regulatory Changes Collection training seminars play a pivotal role in keeping professionals abreast of the ever-changing regulatory environment.

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Collector Debt Collections Credit and Collections Credit Management 52

Know-It Global

NOVEMBER 9, 2023

Debt Collection Team of the Year 2023 Our in app Collect-it partner Darcey Quigley & Co have been named as Debt Collection Team of the year by the National Credit Awards 2023 ! Read Phil’s Q&A here !

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Debt Collections Credit and Collections 105

RevCycle

MAY 14, 2021

Regulation F and the CFPB commentary are over 900 pages of regulatory changes to everyday operational matters faced by the debt collection industry. Regulation F covers a broad range of consumer debt collection activity under the 1978 Fair Debt Collection Practices Act (FDCPA).

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