Your Virtual Credit Manager

DECEMBER 19, 2023

If your AR has a sizable balance over 90 days past due, you should make it a top priority to make your final calls, send the final demand letters, and if necessary refer the account to a third party collection agent. For more about dealing with deductions, check out this article.

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DSO Third Party Collections Credit and Collections Deductions 130

Your Virtual Credit Manager

DECEMBER 5, 2023

However, referring a customer to a Collection Agency will likely sever the relationship with that customer. We cover more about working with collection agencies in this article. You should be more willing to assign an account to third-party collections if they are a smaller customer.

Credit and Collections 130

Credit and Collections Third Party Collections Accounts Receivable (AR) Credit Risk 130

Your Virtual Credit Manager

DECEMBER 26, 2023

In our case, we found our readers had an affinity for articles on identifying collection risks and the best ways of dealing with past due balances. Photo by Kelly Sikkema on Unsplash ) We are therefore providing you with an overview of three very popular articles along with links to the originals.

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Collector Credit and Collections Default Third Party Collections 130

Your Virtual Credit Manager

MARCH 19, 2024

In addition, collection strategies help you prioritize collection activities and provide a formula for escalating your collection efforts when payment is not forthcoming. For more on systematic collections, check out this article from YVCM’s “Basics Department.”

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100