Your Virtual Credit Manager

JULY 2, 2024

The author of this article, David Schmidt, will be leading this webinar, which reviews the fundamental skills required to successfully collect past due B2B invoices. Being a collector requires patience, persistence, and effective communication skills. That’s why collectors need to be effective communicators.

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Collector Debt Collections Past Due Invoices Credit and Collections 130

RMAi Blog

SEPTEMBER 13, 2024

California SB 1286 – This bill would expand the scope of the Rosenthal Fair Debt Collection Practices Act to prohibit debt collectors from engaging in unfair or deceptive acts or practices in the collection of commercial debts owed by a natural person of $500,000 or less that were entered into, renewed, sold, or assigned on or after July 1, 2025.

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Your Virtual Credit Manager

JANUARY 16, 2024

Here then are eleven mistakes that business debt collectors should avoid: 1. Ignoring Customer Disputes When a customer disputes an invoice or has issues with the services your business provided, it’s up to the collector to investigate before making additional collection demands beyond asking for payment of non-disputed items.

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Debt Collections Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

APRIL 23, 2024

Collectors are continually learning what works to get people to pay up and what doesn’t. That’s what this article explores. As the philosopher George Santayana observed, “Those who cannot remember the past are condemned to repeat it.”

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Bankruptcy Chapter 11 Credit and Collections Collector 130

SAP Credit Management

SEPTEMBER 5, 2023

DPDP Act provisions are discussed in this article, offering insight into SAP customers’ potential implications and various SAP solutions that can be utilized. In addition, they must provide detailed notices regarding the purposes and rights of data collectors to data principals.

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Your Virtual Credit Manager

APRIL 16, 2024

Get Help from the Pros When Appropriate : When debts drag on despite your best efforts, don’t hesitate to enlist professional debt collectors or a creditor’s rights attorney. Their expertise and resources can accelerate difficult recoveries, protect your interests, and allow you to focus on the things you can more easily impact.

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

SAP Credit Management

JULY 12, 2023

2981865 – ICMON collector change with OAuth authentication. 3082444 – ICMON collector change with OAuth authentication for SP11. Choose the interface channel and monitor the metrics Useful sap notes: 3289914 – Corrections for ICMON 7.2 Reference links: [link]

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Collector 137

RMAi Blog

OCTOBER 14, 2024

In This Update Earlier this month, the CFPB issued an Advisory Opinion reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Reg F’s prohibitions on false, deceptive, or misleading representations in the collection of medical debt (see RMAI’s October 4, 2024 Member Alert ). RentGrow, Inc. ,

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JSP Credit Management

OCTOBER 10, 2021

A recent article suggested that the ‘gig economy’, consisting of apps such as Uber and Airbnb employs no fewer than 1 in 10 working adults in the UK. Whilst there can be found some criticisms, the above article notes that the amount of people earning an income from these apps has doubled in recent years. That is approximately 4.7

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RMAi Blog

MARCH 14, 2023

Nevada AB 223 – This bill would require debt collectors to provide a payoff letter within 10-days of a consumer request. New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies.

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Collector Law Firms Credit and Collections Debt Collections 100

RMAi Blog

MAY 12, 2023

Seventh Circuit Holds Confusion and Concern Not Enough for Article III Standing Pucillo v. 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. Nat’l Credit Sys. , 21-3131, 2023 U.S. LEXIS 10237 (7th Cir.

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Collector Credit and Collections Law Firms Debt Collections 100

Your Virtual Credit Manager

FEBRUARY 14, 2023

The best collectors are somebody who is easy to talk to. In this article I’ve concentrated on the importance of building rapport and communication channels between collectors and their contacts, whether that is an AP clerk, a bookkeeper, accounting manager, Controller, CFO, or owner. When you threaten, people hold back.

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Collector Credit and Collections Credit Management Small Businesses 100

RMAi Blog

JANUARY 13, 2023

Here are some recently introduced bills that might be of interest: New York SB 171 – This bill would create a private right of action against originating creditors and debt collectors for a violation of the Debt Collection Procedures Act. There, the plaintiff sued after a debt collector used letter vendor to send a collection letter.

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Law Firms Collector Credit and Collections Debt Collections 100

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Starting next week, free subscribers will only receive the introductory section of our weekly articles. Plus, you will get full access to our growing archive of over 110 articles! Hiring a temporary collector or two is one solution. Offer ends 9/30/23. That’s why the time to act is now.

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Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Your Virtual Credit Manager

MAY 28, 2024

Quality control issues that slip through production and or arise during distribution are not usually discovered until after the invoice is billed — most likely by the collector. To help you focus on the real problems, this article will discuss five situations that are commonly at fault.

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Accounts Receivable (AR) Past Due Invoices Credit and Collections Collector 100

RMAi Blog

APRIL 12, 2023

Nevada AB 223 – This bill would require debt collectors to provide a payoff letter within 10-days of a consumer request. New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies. NPAS, Inc. ,

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Law Firms Collector Credit and Collections Default 100

Your Virtual Credit Manager

DECEMBER 6, 2022

At a very basic level, you should always have new customers complete a credit application, including bank and vendor (trade) references, and sign a credit agreement ( for an article about credit appications click here ). After collecting your payments you still have work to do.

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Your Virtual Credit Manager

NOVEMBER 7, 2023

Good customers will not be surprised by your call, though if they realized they have let your invoice go past due they may be hoping you won’t call and are probably more uncomfortable than the most timid collector. Threats are promises, and the best collectors keep all their promises. Wanting to be liked.

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Credit and Collections Collector Credit Management Small Businesses 100

Your Virtual Credit Manager

JANUARY 9, 2024

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. There is nothing wrong with that.

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Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

SAP Credit Management

DECEMBER 20, 2022

I am a collector of old computers and software and have a passion for these vintage systems. Usually I write about the latest tech trends, but this year is SAP’s 50th anniversary so to celebrate this significant milestone I wanted to do something special.

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Due

APRIL 16, 2023

Data collectors record the prices of these items every month to determine whether they have fallen or risen overall. A CPI data collector goes to a store and selects an item from a pre-selected category. Then, the data collector will randomly choose one of the sizes and track its price every month.

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CreditStrong for Business

FEBRUARY 25, 2025

In this article, we examine: What happens when you pay off collections How paying off collections increases credit score How to improve credit score after paying off collections What Is a Collection Account? Understanding how to avoid entering collections and how to improve your score for the long term is vital to maintaining healthy credit.

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Credit Scoring Credit and Collections Medical Billing Collector 52

SAP Credit Management

JULY 26, 2023

The Z Garbage Collector (ZGC) is no longer an experimental feature. Compact number formattiing support. (1k,1M 1k,1M etc) Day Period Support Added. (Ex: Ex: in the morning etc) Context-Specific Deserialization Filters. Enhanced Pseudo-Random Number Generators. Vector API and Foreign function.

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MNS Credit Management Group

MAY 3, 2023

In this article, we will explore the causes of these issues, their consequences in the b2b debt collection industry, and potential solutions. This, in turn, has led to difficulties in making payments to suppliers, including B2B debt collectors. Open Contracts: Open contracts are agreements reached verbally without a written record.

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Bankruptcy Debt Collections Collector Credit and Collections 52

MNS Credit Management Group

MAY 25, 2023

Under Article 1234 of the Civil law Debt is described as a type of agreement where a party is required to provide something or perform an act. Firstly, the creditor must send a warning letter or reprimand (simas) to the debtor in accordance with Article 1238 of the civil code.

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Debt Collections Credit and Collections Collector Law Firms 52

MNS Credit Management Group

DECEMBER 2, 2022

Who are debt collectors? A corporation or agency that recovers money owing on past-due debts is known as a debt collector. Many businesses that owe money to creditors use debt collectors, who work for a fee or a portion of the total amount collected. Another name for a collection agency is a debt collector. Introduction.

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Debt Collections Collector Credit and Collections Bad Debt 52

Due

JUNE 12, 2023

In this article, we’ve discussed some red flags you should spot early in your partner. Your Partner Frequently Gets Into Debt Have you observed debt collectors frequently ringing up your partner? However, financial success after marriage largely depends on the extent of common financial ground.

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Brokerages Collector 22

MNS Credit Management Group

JUNE 5, 2023

In the following article, we explore the positive aspects of amicable debt collection as well as the key strategies for achieving a positive outcome. By maintaining a respectful and cooperative attitude, debt collectors can avoid damaging the relationship with the debtor.

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Debt Collections Collector Credit and Collections Credit Management 52

MNS Credit Management Group

AUGUST 11, 2023

Debt collectors must use crucial tactics to do this, which guarantee a win-win situation for all sides. 2) Hiring a Debt Collector: If the creditor lacks the time to follow the debtor, he may decide to cooperate with a debt collection company. The debt collectors will make an effort to come to a deal with the debtor.

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Debt Collections Collector Out of Court Settlement Credit and Collections 52

SAP Credit Management

DECEMBER 26, 2022

In transaction ST03, expand subtree Collector and Performance DB -> Performance Database -> Monitoring Database -> Reorganization. Adjust the retention time settings to retain the aggregate values for updates, deletes and inserts as long as desired, and wait long enough for the aggregates to be collected.

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JSP Credit Management

SEPTEMBER 28, 2021

Doing 30 of these a day is realistic by anybody’s standards, and more are often achievable and expected of debt collectors in their roles. Don’t worry this is not going to turn into an academic article but we think it is worth noting the depth of the numbers underpinning what at first appeared a bit of clickbait at the top of the blog.

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Credit and Collections Collector Bad Debt Debt Collections 52

JSP Credit Management

OCTOBER 31, 2021

This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. A distinction must be taken into consideration between the Directors and Shareholders personal financial circumstances and the company’s financial affairs.

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Debt Collections Credit and Collections Law Firms Collector 52

Due

NOVEMBER 13, 2023

Among the types of content you can write are articles, blog posts , website copy, and other types of content for individuals and businesses. The job of a ghostwriter is to write books, articles, and other types of content on behalf of others. To that end, here are 15 hobbies that will boost your income. Ghostwriting.

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Your Virtual Credit Manager

DECEMBER 13, 2022

People do not aspire to become commercial debt collectors. Many of us went to college and got degrees in business administration or accounting or even liberal arts and science, but due to the vagaries of providence ended up getting jobs handling credit and collectors. Nobody grows up wanting to be a bill collector.

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Due

MARCH 3, 2023

With that said, in this article, we’ll look at 25 ways you’re killing your savings and how to avoid them. Instead, it “simply means that you’re spending less or equal than you’re making each month,” explains Deanna Ritchie in a previous Due article. “As Top Ways You’re Killing Your Savings 1.

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Credit Scoring Bankruptcy Medical Billing Brokerages 105

Due

MARCH 3, 2023

With that said, in this article, we’ll look at 25 ways you’re killing your savings and how to avoid them. Instead, it “simply means that you’re spending less or equal than you’re making each month,” explains Deanna Ritchie in a previous Due article. “As Top Ways You’re Killing Your Savings 1.

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Credit Scoring Bankruptcy Medical Billing Brokerages 64

Due

AUGUST 27, 2024

Today, Lego has repositioned many of its products to appeal to everything from collectors to adults in need of an escapist hobby. As a Forbes article notes , the secret to making alliances work is clear communication and transparency mixed with openness, trust, and respect.

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Collector 52