Your Virtual Credit Manager

OCTOBER 29, 2024

Finding the time and resources to complete every collection activity needed to be done at the optimal time to be done is a constant challenge. Most small companies come up short because the owner or CFO have more important things to do and there isn’t a dedicated employee responsible for credit and collections.

Past Due Invoices 100

Past Due Invoices Credit and Collections Collector Default 100

Your Virtual Credit Manager

JULY 2, 2024

Moreover, if you are trying to collect from a small business, you may have to deal with the owner, who will have a lot on their plate in addition to their debt to your company. New to collections? You should attend Introduction to Business/Commercial Collections on Tuesday, July 16 at 1:30 PM EDT. annualy, forever.

Collector 130

Collector Debt Collections Credit and Collections Past Due Invoices 130

RMAi Blog

SEPTEMBER 25, 2024

On September 24, 2024, Governor Gavin Newsom signed into law three consumer protection bills aimed at medical debt, commercial debt, and enforcement of money judgments. RMAI encourages its members that collect on accounts owed by California consumers to share this information with their legal, compliance, and operations employees.

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Credit Reporting Agencies Medical Billing Debt Collections Credit and Collections 130

Your Virtual Credit Manager

APRIL 23, 2024

” (Photo by Devon MacKay on Unsplash ) This applies to credit and collections as well as anything else. Collectors are continually learning what works to get people to pay up and what doesn’t. The good news is that until May 1, 2024, annual subscriptions are only $29.40. Share Read more

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Bankruptcy Chapter 11 Credit and Collections Collector 130

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Suppliers, lenders, and credit rating agencies place substantial importance on these numbers when assessing your liquidity and overall financial strength. Their assessments of your business based in large part upon these metrics will determine your credit limits, collateral requirements, lines of credit and borrowing capacity.

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Credit and Collections Accounts Receivable (AR) Deductions Collector 147

RMAi Blog

MAY 12, 2023

Nat’l Credit Sys. , A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. The consumer filed a lawsuit claiming the debt collector, by seeking payment following the discharge, “violated 15 U.S.C. 21-3131, 2023 U.S.

Collector 100

Collector Credit and Collections Law Firms Debt Collections 100

Gaviti

FEBRUARY 18, 2024

Even with the most streamlined and automated A/R management process and B2B collections best practices , customers don’t always pay on time. At this point, your business should move from handling the invoice in-house to managing it through one of the debt collection outsourcing services listed below. billion by 2025 in the U.S.

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Debt Collections Credit and Collections Days Sales Outstanding Invoice to Cash 52

Collenda

JULY 31, 2024

Lenders have faced several challenges with collecting borrowers’ repayments due to rising living costs including income instability, limited disposable income and the ability to service existing debt, increasing the likelihood of delinquency or default.

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Credit and Collections Collector Default 52

RMAi Blog

APRIL 12, 2023

The following bills of concern are a sample of the legislation that RMAI is currently engaging on behalf of the industry: California AB 1414 – This bill would exclude consumer credit accounts from the definition of “book account” which would force all litigation through a contract theory for litigation.

Law Firms 100

Law Firms Collector Credit and Collections Default 100

RMAi Blog

JANUARY 13, 2023

The 2023-2024 Congressional Session promises to be busy – RMAI has a strong team in place to defend, protect and promote the accounts receivables management industry. Prof’l Bureau of Collections of Md., A debt collector sent three collection letters via a letter vendor to a consumer regarding outstanding student loan debt.

Law Firms 100

Law Firms Collector Credit and Collections Debt Collections 100

RMAi Blog

MARCH 14, 2023

This is a very expansive definition which would include medical debt charged on a credit card, including a bottle of Tylenol purchased from a grocery store. RMAI is strongly opposed to this bill and is working with our Colorado lobbyist and other industry trade associations to get an exemption for credit card debt.

Collector 100

Collector Law Firms Credit and Collections Debt Collections 100