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2025 Officers & Directors Elected to Lead Receivables Management Association International

RMAi Blog

Mark Ravanesi is coming onto the RMAI Board of Directors for 2025, in the certified third-party collection agency seat. His journey in the industry began on the phones as a collector in 1998. Now within my role at Velocity, I can further extend my commitment to both the Fintech and Receivables Management space.

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Red Flags, Slow Payments, and Collection Secrets

Your Virtual Credit Manager

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?

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Member Alert: DFPI Announces Advisory Committee Vacancies Submissions Due February 23, 2023

RMAi Blog

Owner, corporate officer or senior-level employees of debt collector licensees or applicants. Representation of different industry segments required to be licensed, including third-party collection agencies, debt buying companies (preference for Receivables Management Certification Program), collection law firms.

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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.

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How Long Does a Charge-Off Stay on Your Credit Report? 

CreditStrong for Business

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.

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Outsourcing vs. In-House Debt Collection: Pros and Cons

Eastern Credit Management Services

Improved Cash Flow: Professional debt collectors have the skills to recover outstanding debts efficiently. Compliance and Regulations: Debt collection is a heavily regulated field. Cost Savings: In-house debt collection can be cost-effective for businesses with sufficient resources and a steady stream of customers.