Payment Savvy

AUGUST 19, 2020

However, if the management of account receivables is poor, they can lose everything during the last sale phase – payment. Detecting late payments in a timely fashion. Since 2010, we have worked with merchants across the country to understand their customer habits and create the perfect payment system for their business.

Accounts Receivables Management 52

Accounts Receivables Management Creditworthiness Collection Agencies Collections Agency 52

Better Credit Blog

AUGUST 19, 2020

While some factors that impact your score are obvious, like your payment history, others might surprise you. There are five main factors that affect your credit score: Payment history. Payment History: 35% of Credit Score. Your history of making timely payments on debts has the biggest impact on your credit score.

Student loans 60

Student loans Student Loans Lender Loans 60

Burr Forman

AUGUST 19, 2020

For example, many commercial leases provide “Lease Acceleration” clauses whereby a landlord may accelerate all rent payments in the event of tenant default. Commercial landlords in particular must navigate several “traps for the unwary” when negotiating a lease workout.

Retail 98

Retail Government Collections 98

Taurus Collect

AUGUST 19, 2020

Despite the governments attempts to mitigate late payment with schemes such as the Prompt Payment code , companies continue to delay payments. Perhaps 50% payment upfront and then 50% on completion/ delivery will mitigate the risk, at least for the time being during the pandemic. Keep the relationship active.

Collection Agencies 40

Collection Agencies Collections Agency Collections Debt collector 40

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.

Collections

Better Credit Blog

AUGUST 19, 2020

A paid tax lien, however, should be removed from your credit report within seven years of payment. You can qualify for lien withdrawal if you sign up for autopay and make payments on your tax debt. Because payment history makes up about 35% of your FICO score, it is essential that you pay all of your bills on time.

Foreclosure 52

Foreclosure Bankruptcy Judgment Banks 52

Troutman Sanders

AUGUST 19, 2020

The Bill creates an emergency period running from March 8, 2020, to September 30, 2020 – or starting a little more than three and a half months prior to when HB 4204 was signed into law. The Bill also allows Oregon’s Governor to extend the emergency period via executive order.

Banks 52

Banks Lender Trade Loans 52

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.

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

Banks