payment 
American Profit Recovery
AUGUST 25, 2020
And it got difficult very quickly to get those payments in the door. In fact, keeping in touch in uncertain times or when there is an issue such as late payments, sets you apart from your competition. If you treat them poorly the minute they default on a payment, you’ll be losing customers at a time when you need every one of them.
Nerd Wallet
AUGUST 25, 2020
Because of COVID-19, wait times for many credit card customer service lines are longer than usual, whether you’re calling to dispute a payment or to defer a payment. Kimberly Palmer is a writer at NerdWallet.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Collection Industry News
AUGUST 25, 2020
From March 1 to July 1 in 2016, around 8,309 payments were received. In 2017, it dropped to 7,590 payments and it 2018, it was down to 6,554 payments. By 2019, only 5,910 payments were received and 3,098 payments have been received this year. We lost that ability.
Credit Management Company
AUGUST 25, 2020
Establish payment plans when necessary (and possible). Oftentimes patients may not have the means to pay the full balance of their bill, but are eager to make some progress toward a payment in full. Payment plans offer a flexible, accessible option.
Advertisement
For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.
Better Credit Blog
AUGUST 25, 2020
Whenever a payment falls through the cracks, it may be turned over to a debt collection agency. When that happens, they may call, write, and leave you messages until a payment is made or an agreement is reached. When that happens, they may call, write, and leave you messages until a payment is made or an agreement is reached.
Better Credit Blog
AUGUST 25, 2020
These agencies typically purchase debts from companies at discounted rates, proceeding to hound consumers until they agree to make a payment. When you fall behind on payments, businesses often turn to collection agencies to seek repayment, either selling them the debt outright or paying for their assistance. But there’s good news.
Advertisement
With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Are you finding some snags in your collections process? Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.
Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy
May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST
Expert insights. Personalized for you.
193 
Let's personalize your content