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Collection Agencies Collections Agency Credit Management 
Account Recovery
JANUARY 7, 2022
Commercial Collection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc., David Herer of ABC-Amega, Inc.,
Account Recovery
NOVEMBER 11, 2024
The good times keep rolling at Encore Capital Group, which reported a 58% jump in new income for the third quarter of 2024, compared with the same quarter last year, driven by its Midland Credit Management (MCM) operation, which continues to capitalize on record levels of charged-off debt available for purchase.
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Protect What Matters: Rethinking Finance Ops In A Digital World
Your Accounting Expertise Will Only Get You So Far: What Really Matters
Account Recovery
AUGUST 13, 2020
Jordan Akins and Robyn Bowman are the team behind Delta Credit Management, a collection agency based in Flint Township, Mich., that announced its opening this week.
Debt RR
JULY 2, 2024
Enter commercial collection agencies—specialized firms that can play a pivotal role in optimizing your AR functions. Here’s why and how partnering with a commercial collection agency can be a game-changer for your business. What is a Commercial Collection Agency?
Account Recovery
AUGUST 10, 2021
In a case that was defended by Ethan Ostroff and the team at Troutman Pepper and Smith Debnam, a District Court judge in North Carolina has granted a defendant’s motion to compel arbitration and dismiss a class-action after it was accused of violating the Fair Debt Collection Practices Act and the North Carolina Collection Agency … The (..)
Credit Management Company
FEBRUARY 8, 2022
Perhaps you need to consider working with a collection agency. Read on to learn how to hire a collection agency that will serve your best interest and protect your good reputation. Menacing threats and middle-of-the-night phone calls are not the methods top debt collection agencies use.
Credit Management Company
FEBRUARY 22, 2022
The average American has over $90,000 of debt , and many struggle to manage this number. Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts. How do you mitigate this?
Credit Management Company
JUNE 4, 2019
Lack of payment from products and services already delivered can make it very difficult to continue doing business, so it's the responsibility of debt collection agencies to increase the flow of revenue so that you can meet payroll and fulfill your other financial obligations. Types of Businesses that Benefit from Debt Collection.
Credit Management Company
APRIL 5, 2022
One way is to hire collection agencies. Finding the best collection agency partner is a reliable way to get the money your business needs. With effective collection agents, you can get paid faster and increased legal protection. Different agencies receive smaller or larger portions of your debt collection.
Credit Management Company
MARCH 8, 2022
Are you worried that if you refer your customers to a debt collection agency you’ll lose control of your brand? Here are the best steps to follow when looking for a collection agency to work with, from evaluating whether it’s the right move, to seeking quality referrals. A collection agency can help in those situations.
Qualco
OCTOBER 25, 2023
QUALCO Collections & Recoveries (QCR) optimises operations for cost savings and improved repayment rates, provides real-time customer financial insights and streamlines collaboration with collections agencies. It enables a more empathetic approach by offering tailored solutions to vulnerable customers.
Collection Industry News
JANUARY 10, 2022
January 5, 2022-Chicago-Commercial Collection Agencies of America has elected its new. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., Humberto Matz of Creditors Adjustment Bureau, Tom Claybaugh of Mountain States Commercial Credit Management, Inc.,
Collection Industry News
MARCH 30, 2025
The Business Research Company’s Debt Collection Agencies Global Market Report 2025 Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, March 31, 2025 /EINPresswire.com/ — Get 20% off on Global Market Reports until March 31st! KGaA, Experian plc, Atradius Collections B.V.,
AGA
NOVEMBER 8, 2022
From the Virtual Credit Manager. There will inevitably be a day when you realize your collection efforts are not getting a delinquent customer to pay their bill. The easy answer — refer the customer account to a Collection Agency when all else has failed to get you paid. What can you do?
On Guard
JUNE 19, 2020
5 key success factors for the smooth implementation of a credit management strategy. Credit management strategies are a vital aspect of any business. They allow them to manage their cash flow by devising processes and policies which prevent the late or non-payment of invoices. Don’t underestimate the processes.
UK debt collections
NOVEMBER 3, 2021
Philip King, an Advisor to the company said “Of course the fundamental role of the credit manager is to keep the cash flowing, but that also means working with the wider business to define appropriate credit terms with customers and agreeing who is/isn’t a good risk.
CICM
AUGUST 14, 2023
To celebrate, here are 13 Best Practices in Credit Management and Collections. Have a Credit Policy Emphasise the importance your business places on managing financial risk by setting out your policies and procedures in a Credit Policy , which is made available to all staff.
Taurus Collect
JULY 11, 2024
Training and Development: Ongoing training for collections staff ensures they are equipped with the latest techniques and technologies. Choosing the right agency can significantly impact your debt recovery success and customer relationships. A higher CEI suggests a more effective collections strategy.
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Taurus Collect
APRIL 9, 2024
This introductory guide aims to explore the mechanics of No Cure No Pay debt collection and its potential to revolutionise financial management strategies for businesses across the UK. The Collection Conundrum: Details and Challenges Understanding collections goes beyond a simple “payment is due” notification.
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On Guard
JUNE 12, 2020
Our debt collection software offers the perfect solution in such situations. The software is used by debt collection agencies, financial restructuring and recovery departments, debt collection lawyers, banks, insurers, energy companies and lease companies in particular to effectively and efficiently manage their portfolio.
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Payment Savvy
OCTOBER 20, 2021
When your company incurs a commercial debt, it should be handled by a B2B debt collection agency to avoid situations like this and to keep your business functioning smoothly without the monetary consequences of unpaid accounts receivable. What is B2B Debt Collection? What Information is Shared with B2B Collection Agencies?
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CICM
JUNE 7, 2023
Set Clear Payment Terms and Communicate them Good Credit Management practices should make sure your customer knows when payment is due. Consider a Collections Agency Consider outsourcing some debt to a collections agency. This can improve cash flow and reduce the risk of overdue payments.
Taurus Collect
JULY 29, 2024
By taking a closer look at the challenges and opportunities, you can implement solutions that not only reduce debt collection fees but also create a more efficient system overall. Let’s transform your approach to credit management. This consistency reinforces the importance of credit management within your organisation.
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The Kaplan Group
MARCH 18, 2025
The survey results reveal that companies with stringent credit management policies, proactive invoice tracking, and early detection mechanisms are more successful in containing DSO levels. Preventive Measures and Their Influence Preventive measures play a critical role in reducing the incidence of late payments.
CICM
JULY 23, 2020
Revisit your collection procedures. Have you considered employing a Debt Collection Agency in the short term? The post Driving the Future of Credit Management- guest blog by Laurie Beagle FCICM, Managing Director at Forums International Ltd appeared first on Chartered Institute of Credit Management.
Credit Management Company
JANUARY 25, 2022
Even when you try to send customer debt collection requests, they have fallen on black days. After speaking with colleagues, you were told about the possibility of commercial debt collection agencies taking over. This type of debt collection can be hard to understand at first. The end-target is different.
On Guard
JULY 9, 2024
Download the fintech baropaper Manual debtor management a reality for two in ten finance professionals Two in ten finance professionals (18%) do not use debtor management tools. The results come as a surprise as the use of pen and paper for accounts receivable management has proven significantly error-prone in the past.
On Guard
JULY 8, 2024
Download the fintech baropaper Manual debtor management a reality for two in ten finance professionals Two in ten finance professionals (18%) do not use debtor management tools. The results come as a surprise as the use of pen and paper for accounts receivable management has proven significantly error-prone in the past.
Credit Management Company
JUNE 14, 2022
Thanks to the Fair Debt Collection Practices Act , or FDCPA, a set of collection laws are in place to standardize the interaction between consumers and third-party collection agencies. While this act does not excuse consumers from paying their debt, it does protect them from unfair or abusive debt collection tactics.
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Credit Management Company
JULY 14, 2021
Everyone in the debt collection industry is familiar with the Fair Debt Collections Practices Act (FDCPA). Reputable collections agencies willingly follow these rules and treat patients with compassion and respect. The CFPB never said it wanted to stop collections agencies from performing their jobs.
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Debt Recoveries
JULY 24, 2022
Dealing with non-paying customers can be extremely frustrating, as any credit manager knows. While customers will do anything to avoid paying their debts, it is more practical to hire the services of a debt collection expert to persuade debtors to make payments. . Is your company having trouble collecting on unpaid debts?
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Debt Recoveries
JUNE 1, 2021
Have a Credit Management Policy in Place. This decision is much easier if you make it in advance and include it in your billing and collection plan. Have a credit management policy in place. Have a credit management policy in place. Charge Interest and Late Fees.
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Credit Management Company
OCTOBER 5, 2018
According to a survey from ACA International’s Ernst & Young , the federal government collected $852 million in taxes from the industry in 2016. State and local governments collected $652 million, paying for things like: Transit infrastructure. Public utilities. Medical care. Fire and police. Community Contributions.
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Debt Recoveries
OCTOBER 31, 2020
This means having good, quick, internal procedures and processes in place and then outsourcing to a reputable collection agency sooner, rather than later. When receivables age without a consistent and disciplined approach to collection, they begin to lose value. They are the experts in this field.
Debt Recoveries
DECEMBER 14, 2020
Accept payment via as many channels as possible, ensure you have EFT (electronic funds transfer), take credit cards, cash, cheques, etc. Have a dedicated, debt collection agency on call, as part of your accounts receivable process. Do you have a credit application form? Clear terms on your invoices?
CICM
JUNE 7, 2023
Use Collections Agency Tech Third-party technology can help resolve debt too. A collections agency’s online portal makes uploading debt information quick and straightforward. Management Information reporting can be delivered electronically and provides real-time updates on case progress.
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Credit Corp
MARCH 8, 2021
Responsible for managing the entire department, making policies and finance-related decisions Credit manager. Organizes and controls the credit department by training personnel, setting up credit rules and procedures, and authorizing credit limits. Reports directly to CFO Collections manager.
Credit Management Company
OCTOBER 24, 2018
Debt collection agencies are doing everything they can to take advantage of this trend, but they need to ensure their practices adhere to federal law in order to avoid penalties. It's prudent for agencies to make sure their own terms and practices adhere to the law. Termination Process.
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On Guard
FEBRUARY 17, 2022
Not every professional involved in credit management has sufficient insight into a customer’s profile. This can prevent organisations taking the route of debt collection agencies and bailiffs. Taking out credit insurance. So, be aware of the fact that credit insurance is not a salvation.
On Guard
MARCH 26, 2021
Credit Management. Credit management, also referred to as dunning, involves the process of prioritising which outstanding debt to chase and when. Collection. A cash allocation solution within order-to-cash can automatically match invoices and save valuable time for finance professionals.
Credit Management Company
DECEMBER 20, 2018
Patient collections can be a challenge any time of the year, but are particularly stressful during the Holiday season. Some collection agencies make the mistake of pausing collection efforts during this time of the year to avoid increasing tension between the healthcare provider and the patient. Timing is Everything.
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Receivables Control
FEBRUARY 28, 2022
While some credit managers hinder themselves by trying to always call small balances, there are many alternatives that may be more effective and efficient: email, text, statement, invoice copy, dun letters, etc. Mid-sized accounts get attention; however, most of the time the frequency of the outreach is much less than larger accounts.
Debt Recoveries
APRIL 2, 2020
AICM ( Australian Institute of Credit Management) is a particularly useful point of reference. Outsource to a Debt Collection Expert. They have an abundance of training and professional development courses available. The longer you spend on unpaid invoices, the less time you will have available for your core business functions.
Credit Management Company
MAY 17, 2022
Post collection policies on your website and make them available to patients through their online accounts. Inform the billing department of all collection policies, and train billing staff as necessary. Work with Reliable Third-Party Collection Agencies.
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