Your Virtual Credit Manager

MARCH 4, 2025

We don’t, however, want to minimize the importance of the credit side of the equation. As discussed in a recent post , gathering customer information doesn’t stop with the credit application. Photo by Lubo Minar on Unsplash Risk assessment is an ongoing process. This is the core of your credit policy.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Collector 130

Gaviti

APRIL 3, 2024

For example, the global average DSO in 2020 was 66 days, but many industries were higher (e.g. Use a credit monitoring tool to example customers’ past payment history and require stricter payment terms and implement tighter escalation processes for customers who present a higher credit risk. Collections analytics.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Abrigo

NOVEMBER 22, 2021

“This applies not only to consumer loans but to mortgages — residential and commercial—every form of credit in America,” he said during a recent Abrigo webinar, “ Consumer Lending 101.”. Reg B, which implements one of two federal fair lending laws (the other is the Fair Housing Act), describes requirements for accepting credit applications.

Credit and Collections 78

Credit and Collections Debt Collections Credit Unions Electronic Funds Transfer 78

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Credit Risk Management.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78