Collector Credit Risk Debt Collections 
Your Virtual Credit Manager
FEBRUARY 25, 2025
To better deal with these customers, it is helpful to segregate them into three groups: Those who are financially strong (low credit risk) and are trying to increase their cash position through late payments. It is, therefore, incumbent that you minimize bad debt losses without overly restricting sales.
Your Virtual Credit Manager
JULY 2, 2024
These account provide a serious credit risk, and should not be approved for open credit terms. When an otherwise good customer because a habitual debtor, their credit limit should be revoked. Recovering what you are owed by this type of debtor requires an aggressive, though still professional, collection effort.
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JSP Credit Management
OCTOBER 10, 2021
Some lawyers are not so keen on the idea, which does not come as a surprise but AI is already being used to make important decisions that will go on to significantly impact the life of the people who are subjected to it, such as in the case of credit lending decisions. But what does all this mean for the debt collection industry?
JSP Credit Management
OCTOBER 31, 2021
This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. Therefore, a business owner operating as a Sole trader will be 100% personally liable for all debts owed by the business.
JSP Credit Management
FEBRUARY 3, 2022
As a leader in business to business debt collection services, we’ve been asked to share our insights into the size and scope of the b2b debt collection industry. After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. billion by 2022.
JSP Credit Management
SEPTEMBER 28, 2021
So a career in various credit management roles before JSP Credit Management being born of over 15 years has left us extremely well placed to pass comment on some potential causal factors affecting non-payment. or contact us on 01827 66820 to discuss your needs.
TreviPay
SEPTEMBER 18, 2024
Benefits of Trade Credit Insurance There are many benefits to trade credit insurance. It offers businesses valuable protection and financial stability by safeguarding against trade credit risk. The seller is no longer at risk of customer non-payment and insolvency.
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