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Mark Ravanesi is coming onto the RMAI Board of Directors for 2025, in the certified third-partycollection agency seat. His journey in the industry began on the phones as a collector in 1998. More information about RMAI is available at www.rmaintl.org. He is the CEO of TrueAccord. and internationally.
We then provide situation intelligence regarding the causes of past due balances, and finally reveal seven habits common to successful collectors. Hopefully, these insights will help you with your collection efforts Not a subscriber … why don’t you take advantage of a YVCM subscription? What do you need help doing?
Owner, corporate officer or senior-level employees of debt collector licensees or applicants. Representation of different industry segments required to be licensed, including third-partycollection agencies, debt buying companies (preference for Receivables Management Certification Program), collection law firms.
Here, lenders formally stop any direct debt collection efforts and often sell the old debt to third-party debt collectors or collections agency companies. The formal charge-off of a collection account usually occurs after 180 days of non-payment. How Long Does It Stay on My Credit Report For?
In this blog, we will delve into the pros and cons of outsourcing versus in-house debt collection, helping you make an informed decision that aligns with your business goals. Improved Cash Flow: Professional debt collectors have the skills to recover outstanding debts efficiently.
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