Bad Debt Collector Credit Management 
MNS Credit Management Group
JULY 12, 2023
Bad debt recovery: What is it? The money that your company receives after writing off bad debt as uncollectible is known as bad debt recovery. When the borrower is unable to repay the lender within the allotted time, the bad debt recovery process is initiated. How can bad debts be recouped?
Your Virtual Credit Manager
MARCH 14, 2023
If a company executive is not the primary collector, there is nothing wrong with them giving it a try. Escalation is always good policy and I encourage that sort of upper management support, but there needs to be parameters around these efforts to prevent the type of hubris described above. it just might help them pay you sooner!
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Your Virtual Credit Manager
JANUARY 16, 2024
Here then are eleven mistakes that business debt collectors should avoid: 1. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. A little training goes a long way in helping collectors be more effective. What do you need help doing?
Your Virtual Credit Manager
JANUARY 3, 2023
Email us to learn how the experts at Your Virtual Credit Manager can help you clean up your AR Ledger and increase cash flow by improving your Collection Process. During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half. This included a 100 percent increase in past due collected.
Your Virtual Credit Manager
APRIL 18, 2023
Smaller agencies will often work with small companies whose collection requirements involve much less than one FTE (full-time equivalent employee) — large agencies typically want enough business from their clients to support a half-time or full-time collector. to minimize the chance of bad debt loss.
Your Virtual Credit Manager
JANUARY 17, 2023
Assign Collections to an Existing Employee : When doing this you need to consider if the person being assigned collection duties has the time and demeanor to be an effective collector. Buy Credit Reports But, On the Other Hand. Again, you need to also keep in mind the impact from putting other tasks on a back burner.
JSP Credit Management
OCTOBER 10, 2021
If AI can be used to handle complex legal matters, credit lending decisions and the distribution of work for millions of people then the question is could it also be used to undertake the entire debt collection process? Well, let’s look at it from the owner of the debt’s perspective.
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