Remove Collector Remove Default Remove Third Party Collections
article thumbnail

Red Flags, Slow Payments, and Collection Secrets

Your Virtual Credit Manager

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).

Collector 130
article thumbnail

Should You Outsource AR Management?

Your Virtual Credit Manager

There are still some options here, including some firms that can help you with distributing both electronic and paper invoices, but you will need about 500 invoices per month for their services to provide economic benefits Collections : Many Collection Agencies will perform “first partycollections for you.

Bad Debt 130