Remove 2024 Remove Credit Management Remove Past Due Invoices
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Mitigating Commercial Credit Fraud

Your Virtual Credit Manager

In 2022, 55% of companies suffered at least one payment fraud attack, while 12% were targeted upwards of 10 times according to a report published August 2, 2024 by Trustpair. When a fraud isn’t quickly detected, legal action to recover past due invoices can impact unaware customers.

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Effective Communication Strategies for Collecting Past Due Accounts

Your Virtual Credit Manager

On a phone call, you should provide a summary of the amount past due, such as “$10,000 over 30 days past due” or reference one or two large past due invoices (number, amount, and due date), but no more. The key issue is securing a commitment to pay the past due invoices.

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Dealing with Difficult Debtors

Your Virtual Credit Manager

until July 31, 2024, you can take advantage of our Independence Day Sale to lock your subscription to Your Virtual Credit Manager at $34.99 Do you need help managing credit and collections? The experts at Your Virtual Credit Manager are currently offering 33% off our standard small business consulting rates.

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