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Enhancing Credit Management with Automation and Real-Time Data

Qualco

Artificial Intelligence and Machine Learning automate credit scoring, making loan approvals swifter and more accurate. These advancements, combined with user-friendly digital platforms, can transform the entire credit industry, making it more efficient, transparent and tailored to individual client needs.

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4 Ways To Remove Collections From Your Credit Report

Better Credit Blog

A collection account will lower your credit score and can generally stay on your credit report for up to seven years. Often, a collection entry will even keep you from getting a mortgage or securing an auto loan, which is why it’s important to do all you can to remove collections from your credit report quickly.

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An Ultimate Guide to Write an Effective Business Credit Policy

Credit Corp

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.

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The importance of Debt Collections and Debt Collectors

CICM

In this blog, we will look at what Debt Collections is and why it is so important. This debt could be unpaid bills or invoices for goods and services, repayment of a financial service or money loan, or overdue sums for a range of obligations such as fines, taxes and rent. What is Debt? Debt is money owed to another.

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7 Consequences of Not Paying Your Credit Card

Debt Guru

Credit card lenders report late (or skipped) payments to the credit bureaus. These late payment reports will substantially lower your credit score, which can impede your ability to get a new credit card or future loan. You could even see an increase in your insurance rate as a result of this credit card negligence.

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Sell More to Offset Bad Debt?

Receivables Control

You lose cash flow, you have reduced profits, you lose people’s time in pursuing the sale, and you lose time and expense attempting to collect the debt. If your company’s funding is tied to an asset based loan, your lending costs and restrictions on your borrowing base can be crippling.