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Tackling Customers that Always Pay Late

Your Virtual Credit Manager

Your collection cost will wholly or significantly offset the cost of the credit card transaction, and the time saved can be devoted to focusing your attention on higher-value customers. Your customers won’t even know they are dealing with a collection agency but rather just one of your company’s collectors.

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RMAI Update September 2024

RMAi Blog

On September 5, 2024 the CFPB issued its annual Fair Debt Collection Practices Act report. Medical debt, rental debt, and consumer complaints were among the topics focused on in the report. The report stated that the CFPB received approximately 109,900 debt collection complaints in 2023.

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The Scenario Of Malaysia’s Debt Collection

MNS Credit Management Group

Consumer And B2B Debt Collections Variation Commercial collections refer to the process of recouping unpaid invoices owing to another company. When a client owes a business money, consumer collections take place. The debt collection industry consists of two distinct functional areas.

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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

FICO Blog

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends.

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Best Practice And Uniqueness: Finding The Sweet Spot In Debt Collection

JSP Credit Management

For instance, our very first exposure to debt collection was only made possible by the kind of supervision from a more experienced debt collector that would be more akin to a guardian attentively watching over a new-born baby for fear of anything going wrong. Back then of course, this was completely necessary.

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RMAI Update December 2024

RMAi Blog

CFPB expressed concern over social media influencers on platforms like TikTok and Instagram spreading misinformation about debt collections. The collection agency provided an account itemization and threatened to pursue legal action if the bills werent paid. RMAI will collaborate with the CFPB on addressing these issues in 2025.

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

MNS Credit Management Group

After demonetization, the government closed all the channels for the creation and transfer of black money, resulting in stringent requirements for the accounting evidence supporting each transaction. In this article, we will explore the causes of these issues, their consequences in the b2b debt collection industry, and potential solutions.