Top Creditor Collections Today Credit Management Original Creditor Content for Tue.Sep 08, 2020

Guaranteed Revenue with Recurring Payments

Payment Savvy

SEPTEMBER 8, 2020

A widely used feature to accomplish this is the recurring payment. By allowing your customers to authorize automatic and continual payments to your business, your aging receivables are drastically slashed, and cash flow quickly predicted. Are you interested in learning how to set up a successful recurring payment program?

Why Making Minimum Payments to Pay Off Credit Card Debt Ensures You Will Die Broke

Titan Consulting

SEPTEMBER 8, 2020

Making just the minimum payment required each month on credit card debt will maximize the amount of interest you pay to creditors. The combination of high-interest charges and low monthly payments is a toxic combination that will keep you indebted for a longer period than it takes to pay off your mortgage.

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PDCflow COO Ed Bills featured in Podcast “Credit Eco to go”

PDC Flow

SEPTEMBER 8, 2020

On one of the latest episodes, “Digital Payment Systems: A Seamless Opportunity for Consumer Engagement,” Needleman spoke to PDCflow’s COO, Ed Bills about the changes COVID has brought to the digital payments industry. They discussed: Using your payment system as a consumer engagement tool. Related Articles.

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Customers are more likely to default on invoices now due to pandemic-related cash flow problems

On Guard

SEPTEMBER 8, 2020

This lack of technological support may be the reason why, despite mounting unpaid invoices, only 17% of finance professionals are applying a personal touch to these delicate customer issues by calling debtors personally to ensure payment on time. A clear need for technology.

Debtor

Debtor Credit Management

10 Ways to Improve Payment Collections with Salesforce

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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How To Remove Northland Group From Your Credit Report

Better Credit Blog

SEPTEMBER 8, 2020

It could only take one missed payment on your car loan, credit card, or phone bill to harm your credit score and wind up on a debt collector like Northland Group’s list. Before you consider making a payment to a company, it’s essential to know who they are. What Is Northland Group? Northland Group, Inc.,

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Debt Collection In The Face Of A Covid-19-Fueled Recession

Collection Industry News

SEPTEMBER 8, 2020

As the economic situation worsens and consumers’ financial hardship deepens, more individuals will miss payments on their credit cards, mortgages and other lending products. Organizations that are slow to make contact as a customer’s debt lapses into delinquency are at the greatest risk of receiving partial payment or none at all.

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How to Remove National Credit Systems From Your Credit Report

Better Credit Blog

SEPTEMBER 8, 2020

If you have been laid off or had an illness that caused late payments , this is a good thing to mention. A pay-for-delete agreement is when a collection agency agrees to stop reporting the debt to credit bureaus in exchange for payment on the debt. Always be polite in your goodwill deletion letter and refrain from demanding a deletion.

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How to Remove Pioneer Credit Recovery from Your Credit Report

Better Credit Blog

SEPTEMBER 8, 2020

Debt collectors make their money by coercing you into making payments. Make your first payment only after you receive this document and approve of the language. After you make your first payment, wait 30 days, and then check your credit report. Request Debt Validation. Negotiate a Pay-For-Delete Agreement. Hire a Professional.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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CreditManager shortlisted for the 2020 Credit Connect Technology Awards

On Guard

SEPTEMBER 8, 2020

The dunning process has always been a key part of the order-to-cash process, but now more than ever, due to the uncertainty caused by the Covid-19 pandemic, finance teams are being challenged to balance long-term growth with the need for resumption of payments from current customers.

Credit Management

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Childcare Providers facing financial ruin

UK debt collections

SEPTEMBER 8, 2020

We estimate that the median furlough payment was worth 55p for every £1 of lost fee income, and self-employment grants covered 64% of baseline fee income at the median. For providers with income from parent fees, support through the furlough scheme and self-employment grants was a significant help but provided far from full protection.

Government

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Concerns over prohibition against debt collection service

Collection Industry News

SEPTEMBER 8, 2020

Creditors must have a legal basis and a set of evidence debt payment demand. Meanwhile, debt recovery companies often run the business by all possible methods, whether legal or not, to achieve the purpose with costs as a percentage of the recovered amount. of these people.

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