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?

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CICM

JULY 23, 2020

If you are Credit Insured have your insurers been reducing cover? Can the Government guarantee scheme help you? Revisit your collection procedures. Have you considered employing a Debt Collection Agency in the short term? How does this affect trading with your customer base? Making the Deal Happen. Cash is King.

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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?

Collections 52

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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.

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Credit Management Company

MAY 17, 2022

Inform the billing department of all collection policies, and train billing staff as necessary. Work with Reliable Third-Party Collection Agencies. Make sure they are acting in accordance with policies determined by the hospital or medical facility's board or governing body.

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On Guard

MARCH 26, 2021

The UK government has introduced measures to protect businesses against insolvency for up to 40 days, plus a temporary extension to April 2021 of a ban on statutory demands and use of winding up petitions to chase commercial debts. Credit Management. Collection.

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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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