Your Virtual Credit Manager

APRIL 16, 2024

Ensuring Successful Debt Collections Even with these headwinds, there are steps trade creditors can take to improve their collections game: Be Proactive: It starts with a comprehensive credit application and vetting process and is complemented with clear communications about terms, the billing process, and the expectation of on-time payments.

Accounts Receivable (AR) 130

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

MNS Credit Management Group

AUGUST 11, 2023

These tactics consist on comprehending the debtors’ situation, abiding by the applicable laws, being professional, and using negotiation techniques. These vital techniques for effective debt collection in Singapore are covered in this brief guide. The debt collectors will make an effort to come to a deal with the debtor.

Debt Collections 52

Debt Collections Collector Out of Court Settlement Credit and Collections 52

Your Virtual Credit Manager

MARCH 19, 2024

Collection Activity: Investigate the reasons behind the abrupt changes in payment behavior and assess the debtor's financial situation. To do this you may want to order an updated credit report as well as recontact any suppliers they provided as a credit reference on their credit application.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Due

JANUARY 3, 2023

You may also see negative information on your credit report based on information reported in public records. Examples include: Bankruptcies. If you see a debt collection on your credit report, don’t panic. On the hand, after seven years, a Chapter 13 bankruptcy can be wiped out. Foreclosures.

Credit Scoring 119

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119