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Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

.” (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. Credit analysts should also review past decisions to improve their future performance regarding approvals, limits and term setting.

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Global Payment Delays And Bankruptcies: Causes, Consequences, And Solutions

MNS Credit Management Group

The world of business-to-business (B2B) debt collection is a complex and ever-changing landscape, and global payment delays and bankruptcies can have a significant impact on the industry. This, in turn, has led to difficulties in making payments to suppliers, including B2B debt collectors. What exactly is certainty?

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The Nine Essentials of a Successful Collection Call

Your Virtual Credit Manager

A Cautionary Tale… As a corporate credit manager, I periodically was tasked with other finance department activities. Most of the collectors seemed relieved I was cooperating and accepted my initial offer. The point is, almost all of the collectors (there were dozens) were content to leave money on the table.

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Is Your Collection Agency a Good Fit?

Your Virtual Credit Manager

Make sure you and your team understand the basics of the Uniform Commercial Code, Bankruptcy Statutes, and other regulations to avoid compliance pitfalls and missed opportunities to secure payments. The experts at Your Virtual Credit Manager are currently offering 33 percent off our standard consulting rates.

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Red Flags, Slow Payments, and Collection Secrets

Your Virtual Credit Manager

We then provide situation intelligence regarding the causes of past due balances, and finally reveal seven habits common to successful collectors. Subscribe now Learn to Recognize These Red Flags There are two types of credit risk affiliated with selling on open credit terms. If you haven’t, you almost certainly will.

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RMAI Update May 2023

RMAi Blog

26, 2023) A consumer filed for Chapter 7 bankruptcy, listing past-due rent he owed, and was subsequently granted a discharge. 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. Mendelson Firm, PLLC | TN Dynamic Collectors, Inc. |

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Effective Debt Collection Strategies in Vietnam: Tips and Best Practices

MNS Credit Management Group

Nevertheless, by this point, debtors may have already sold their assets, transferred them to another party, or even declared bankruptcy, leaving creditors, particularly unsecured creditors, with nothing to recover. A local debt collector has also mastered the art of applying pressure to debtors specifically in Vietnam via years of experience.