Credit and Collections and Third Party Collections

Credit and Collections

Third Party Collections

Cascade Receivables Management, LLC Selected as One of the Best Places to Work in Collections

RMAi Blog

JULY 30, 2024

PETALUMA, CA — Cascade Receivables Management, LLC, part of the Cascade365 Family of Companies (“Cascade”), is proud to announce that it was recently selected as one of the 2024 Best Places to Work in Collections by ACA International and the Best Companies Group. This year, 38 companies met the standard to be selected.

Third Party Collections

Third Party Collections Law Firms Credit and Collections

Are You Hindering Your Collection Agency's Efforts?

Your Virtual Credit Manager

OCTOBER 8, 2024

Companies selling other businesses on open terms need to ensure any collection agency partners can effectively collect non-performing receivables. Here are four prime example of issues that impede third party collections: 1. Doing this involves taking a series of proactive steps.

Third Party Collections

Third Party Collections Credit and Collections Bankruptcy Bad Debt

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Trending Sources

Red Flags, Slow Payments, and Collection Secrets

Your Virtual Credit Manager

DECEMBER 26, 2023

In our case, we found our readers had an affinity for articles on identifying collection risks and the best ways of dealing with past due balances. Hopefully, these insights will help you with your collection efforts Not a subscriber … why don’t you take advantage of a YVCM subscription?

Collector

Collector Credit and Collections Default Third Party Collections

What Triggers Your Collection Efforts?

Your Virtual Credit Manager

MARCH 19, 2024

If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.

Bulk Transfer

Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR)

Seven Hacks for Improving Later Phase Collection Results

Your Virtual Credit Manager

AUGUST 8, 2023

Collecting from other businesses begins as a series of reminders followed by administrative tasks to provide your customer with the information they need to pay your invoice, and can also involve reconciling your information to theirs. Later phase collections require a much heavier reliance on problem solving and negotiation skills.

Credit and Collections

Credit and Collections Third Party Collections Bad Debt Credit Management

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

CreditStrong for Business

AUGUST 27, 2024

If a consumer has an unpaid debt on an existing credit account, the original lender will eventually close the account and charge off the bad debt. Generally, these debts are reported to the credit bureaus and remain as a negative entry on your credit history for seven years. How Long Does It Stay on My Credit Report For?

Collector

Collector Credit Reporting Agencies Credit Scoring Third Party Collections

Four Goals Guaranteed to Improve Cash Flow

Your Virtual Credit Manager

DECEMBER 19, 2023

Hopefully, that is why you are reading Your Virtual Credit Manager. If, however, there are unpaid invoices that have been allowed to go beyond the 90 day mark, you have a serious collection problem. In most cases (90 percent or more), we find the customer has a valid claim and deserves a credit.

DSO

DSO Third Party Collections Credit and Collections Deductions

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

Eastern Credit Management Services

OCTOBER 3, 2023

When it comes to debt collection, businesses are faced with a critical decision. Should they handle it in-house or outsource it to a professional debt collection agency like Eastern Credit Management Services (ECMS)? Resource Efficiency: Outsourcing debt collection saves your company time, manpower, and resources.

Debt Collections

Debt Collections Third Party Collections Collector Credit and Collections

Divide and Conquer Your Past Due AR

Your Virtual Credit Manager

DECEMBER 5, 2023

This misguided search for a singular understanding applies to many things, including collecting Accounts Receivable (AR). Optimal Collection results are achieved by utilizing different collection techniques with different types of customers. How do you determine which customer types merit which collection protocols?

Credit and Collections

Credit and Collections Third Party Collections Accounts Receivable (AR) Credit Risk

Should You Outsource AR Management?

Your Virtual Credit Manager

APRIL 18, 2023

Just as payroll has been cost effectively handled by external processors for over 70 years, so can a variety of credit, collection and AR tasks and processes. Credit Risk Evaluations : If you purchase Credit Risk Insurance, the insurer will serve as your Credit Department. it just might help them pay you sooner!

Bad Debt

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

Why Did My Credit Score Go Down When Nothing Changed?

CreditStrong for Business

AUGUST 2, 2024

In many cases, a consumer who has seemingly been managing their finances responsibly will notice an unexpected credit score drop. This negative credit score fluctuation is particularly troubling for those concerned with maintaining good credit for an upcoming home or auto loan. 8 Reasons Why a Credit Score Drops 1.

Credit Scoring

Credit Scoring Bankruptcy Credit and Collections Third Party Collections

Avoid non-payment: Four ways to ensure your organisation gets paid

Onguard

FEBRUARY 23, 2023

Credit risk monitoring is key Non-payment of invoices can cause unnecessary stress in your work. Credit risk monitoring is therefore key to ensuring you get paid. With the help of credit risk management software, you have the correct procedures and policies in place to prevent non-payment.

Third Party Collections

Third Party Collections Credit and Collections Credit Risk Credit Management

How CFOs can Tie Digital Order-to-Cash Initiatives to Enterprise-wide Strategy

Emagia

JANUARY 30, 2023

Customer Experience: Customer experience is enhanced through smooth and efficient management of orders, receivables, credit, etc., Finance Cost: RPA and Analytics helps enhance the efficiency in invoicing, receivable management, and payment collection to minimize the need for credit or working capital loan.

Order to Cash

Order to Cash Bad Debt Third Party Collections Credit and Collections

Take a Break from Broken Promises

Eastern Credit Management Services

JULY 15, 2019

Fret no longer, as this entry in our blog is going to explore how to deal with customers who keep breaking promises to pay on their past due invoice and how a collection agency can help. If you said you’d send the account to a third party collection agency , do it.

Past Due Invoices

Past Due Invoices Third Party Collections Credit and Collections Invoice Collections

Recession & Receivables – Interview with Brad Lohner

Priority Credit Management Corporation

OCTOBER 30, 2020

Brad has been in the credit and collections industry for the last four significant recessions. What is the feedback in the collection industry of what you’re seeing right now? We talked earlier this year with credit industry expert Jay McKeown about businesses hitting a wall with the subsidy program ending in September.

Third Party Collections

Third Party Collections Credit and Collections Credit Management

What’s a Charge-Off, and How Does It Affect My Credit?

Fundera

JULY 16, 2018

A charge-off is when you’re so late on your credit card or loan payments that the lender expects you’ll never pay, so they remove the anticipated income from their ledger and document the loss as bad debt. That demerit is considered a final status indicator on your credit report that the account is no longer active. Neither are great.

Credit Scoring

Credit Scoring Bad Debt Credit and Collections Third Party Collections

Here’s What You Need to Know About the Different FICO Score Versions

Fundera

APRIL 6, 2016

And since many kinds of small business credit are based on your personal financial credit, it’s important to become familiar with the various FICO score versions that could come into play when you’re applying for a business loan. FICO scores are credit scores that represent your risk to lenders.

Third Party Collections

Third Party Collections Credit Scoring Credit and Collections Credit Application

Credit Management Source

Cascade Receivables Management, LLC Selected as One of the Best Places to Work in Collections

Are You Hindering Your Collection Agency's Efforts?

Trending Sources

Red Flags, Slow Payments, and Collection Secrets

What Triggers Your Collection Efforts?

Seven Hacks for Improving Later Phase Collection Results

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

Four Goals Guaranteed to Improve Cash Flow

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

Divide and Conquer Your Past Due AR

Should You Outsource AR Management?

Why Did My Credit Score Go Down When Nothing Changed?

Avoid non-payment: Four ways to ensure your organisation gets paid

How CFOs can Tie Digital Order-to-Cash Initiatives to Enterprise-wide Strategy

Take a Break from Broken Promises

Recession & Receivables – Interview with Brad Lohner

What’s a Charge-Off, and How Does It Affect My Credit?

Here’s What You Need to Know About the Different FICO Score Versions

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