Account Recovery

SEPTEMBER 17, 2020

A majority of Americans have medical debt, have had that debt placed into collections, have not tried to negotiate to lower the cost of how much they owe, and are not in a payment plan, according to the results of a survey conducted by Debt.com.

Collections 246

Collections Healthcare 246

Debt Guru

SEPTEMBER 17, 2020

This category is reserved for things such as rent/mortgage, food and utilities, car payments or public transportation, and clothing – all things you must have to work and live. But you should also include minimum payments on credit cards in this category because those payments must be made each month.

Unsecured Debt 98

Unsecured Debt Debt Management 98

CICM

SEPTEMBER 17, 2020

Given the economic crisis, this may all sound counter-intuitive, but it appears that many people in debt have chosen to take advantage of furloughs, payment holidays and a reduction in outgoings through not travelling to work and not being able to go away to settle up their debts and get their respective houses in order.

Credit Management 78

Credit Management Government Collections 78

Better Credit Blog

SEPTEMBER 17, 2020

Whether you forgot to pay one bill or you’ve fallen behind on several payments, collections can damage your score for years if you don’t deal with it the right way. Negotiate a Partial Payment. Negotiate a Partial Payment. They’ll take care of the basics, by validating debts and negotiating payments.

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Collections Collection Agencies Collections Agency Third-party Debt Collectors 52

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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.

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Collection Industry News

SEPTEMBER 17, 2020

People can easily understand your sentiments over the phone, and that’s why you need to sound greedy and wishing to receive full payment. Get every small detail of your customers such as previous records and payment history. Always ask for full payment whenever you make a phone call without assuming anything. Objections.

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Collections Debt collector Collection Agencies Collections Agency 40

Re:Ceeve

SEPTEMBER 17, 2020

For boomers, however, you might think about redirecting them to your customer service team/payments department. Previous payment history. This means that you might send out a nudge to your millennial past-due customers that includes a link to a self-service repayment portal. What might Segmentation look like in Collections?

Student loans 85

Student loans Student Loans Collections Collection Agencies 85

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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.

Collections

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

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