Remove Collector Remove Credit and Collections Remove Events
article thumbnail

Avoid these Six Collection Myths

Your Virtual Credit Manager

Commercial collections is no different. Collection myths can be found at the very root of bad decisions as well as informing counter-productive activities. Adhering to collection myths more often than not leads to bad outcomes. Simply put, collection myths get in the way of doing the best job possible. Subscribe now 1.

Collector 189
article thumbnail

Red Flags, Slow Payments, and Collection Secrets

Your Virtual Credit Manager

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. We then provide situation intelligence regarding the causes of past due balances, and finally reveal seven habits common to successful collectors.

Collector 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Member Alert: CFPB Director Addresses Medical Debt

RMAi Blog

On October 1 st , 2024, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced actions to reduce the burden of medical debt and address medical debt collection practices in a coordinated event with the White House. The video of the White House event can be found here.

article thumbnail

It's Time for a Layered Approach to Collections

Your Virtual Credit Manager

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Previously, decisions were largely left to the discretion of individual collectors, resulting in subjective and inconsistent approaches. For a more in depth discussion of systematic collections, click here.

article thumbnail

Unlocking Success: The Importance of Collection Training Seminars

Eastern Credit Management Services

In the dynamic landscape of debt collection, where regulations evolve, debtor behaviors change, and technology advances, staying ahead of the curve is crucial for success. Navigating Regulatory Changes Collection training seminars play a pivotal role in keeping professionals abreast of the ever-changing regulatory environment.

article thumbnail

SAP ALM API & Integration: Open Telemetry Support with the SAP Cloud ALM Raw Data API

SAP Credit Management

With the SAP Cloud ALM raw data API you can send and receive observability data to any backend with no specific vendor requirements and benefit of the automatic instrumentation agents to collect without requiring any code changes or specific integrations for popular frameworks and languages. For example, events are a specific type of log.

Collector 155
article thumbnail

RMAI Update October 2024

RMAi Blog

In This Update Earlier this month, the CFPB issued an Advisory Opinion reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Reg F’s prohibitions on false, deceptive, or misleading representations in the collection of medical debt (see RMAI’s October 4, 2024 Member Alert ).