Your Virtual Credit Manager

OCTOBER 8, 2024

(Photo by Gabriel Meinert on Unsplash ) Don’t Shoot Yourself in the Foot Before examining what needs to be done from a credit and collection policy and procedures perspective, you need to understand the most common reasons collection agencies are unable to collect everything that is due.

Third Party Collections 100

Third Party Collections Credit and Collections Bankruptcy Bad Debt 100

Your Virtual Credit Manager

DECEMBER 26, 2023

Hopefully, these insights will help you with your collection efforts Not a subscriber … why don’t you take advantage of a YVCM subscription? Subscribe now Learn to Recognize These Red Flags There are two types of credit risk affiliated with selling on open credit terms.

Collector 130

Collector Credit and Collections Default Third Party Collections 130

CreditStrong for Business

AUGUST 2, 2024

Lenders perceive consumers with high credit utilization ratios as potential credit risks, as they may be “overextended.” According to Experian, credit utilization ratios of less than 30% are typically considered as good. Other documentation: Evidence of bankruptcy filings, canceled checks, and others.

Credit Scoring 52

Credit Scoring Bankruptcy Credit and Collections Third Party Collections 52