Collector Deductions Default 
Your Virtual Credit Manager
MARCH 4, 2025
Based on this industry outlook, there was staff performing collections and deduction resolution, but no credit function. The volume and quality of their collection effort was adequate, but not being able to hold the orders of past due customers deprived the collectors of a very valuable collection tool.
Your Virtual Credit Manager
JUNE 27, 2023
Firms that take a lot of payment deductions can fall into this category. This persona may exhibit characteristics such as a history of defaults, financial instability, industry volatility, or a poor credit rating. Collectors should as well. Please feel free to share this newsletter with your small business customers.
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Your Virtual Credit Manager
JANUARY 17, 2023
Assign Collections to an Existing Employee : When doing this you need to consider if the person being assigned collection duties has the time and demeanor to be an effective collector. Again, you need to also keep in mind the impact from putting other tasks on a back burner. it just might help them pay you sooner!
Your Virtual Credit Manager
DECEMBER 26, 2023
First we look at Red Flags that may indicate a customer could begin paying slower or default. We then provide situation intelligence regarding the causes of past due balances, and finally reveal seven habits common to successful collectors. Far more damaging is a customer that defaults (never pays).
Fundera
JULY 22, 2018
Default vs. Delinquency. Loan defaults and delinquencies both stem from overdue loan payments. If you miss several payments or can’t make payments for an extended time (usually 90 to 120 days), the lender will place the loan in default and can start collection proceedings against you. What’s a Defaulted Loan?
Fundera
MARCH 3, 2019
If you miss several payments or can’t make payments for an extended time (usually 90 to 120 days), the lender will place the loan in default and can start collection proceedings against you. Both delinquencies and defaults damage your credit. This is called a “penalty rate” or “default rate” and is more prevalent with credit cards.
Your Virtual Credit Manager
APRIL 25, 2023
A ssign Collections to an Existing Employee : In this case you need to consider if the person you choose has the time and talent to be an effective collector. What are the other tasks that will not get done or be delayed because of the time you devote to collections?
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