RMAi Blog

FEBRUARY 13, 2025

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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Law Firms Third Party Collections Credit and Collections Collector 130

Your Virtual Credit Manager

DECEMBER 26, 2023

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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Collector Credit and Collections Default Third Party Collections 130

RMAi Blog

FEBRUARY 3, 2023

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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Third Party Collections Debt Collections Law Firms Collector 100

Your Virtual Credit Manager

APRIL 18, 2023

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 party” collections for you.

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Bad Debt Credit and Collections Third Party Collections Accounts Receivable (AR) 130

CreditStrong for Business

AUGUST 27, 2024

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.

Collector 52

Collector Credit Reporting Agencies Credit Scoring Third Party Collections 52

Eastern Credit Management Services

OCTOBER 3, 2023

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.

Debt Collections 52

Debt Collections Third Party Collections Collector Credit and Collections 52