Remove Credit Application Remove Debt Collections Remove Small Businesses
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Debt Collection Mistakes Can Prove Costly

Your Virtual Credit Manager

Time is as much an enemy as anything else when you are charged with collecting past due accounts receivable (AR), so it is crucial you don’t waste time by making mistakes, which will also serve to elongate the collection process. We are currently offering 33 percent off our standard small business consulting rates.

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Is Your Collection Agency a Good Fit?

Your Virtual Credit Manager

From economic swings to shifting customer habits, business owners must deal with a host of factors impacting their ability to get paid what they’re owed. Employ Technology: Automated billing systems, debt collection software, auto-cash, and other tech tools effectively streamline your cash conversion process.

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Best Outsource Debt Collection Services for 2024

Gaviti

Regardless of the reason, typically once your unpaid or overdue invoice is more than 90 days overdue, however, it has evolved to become a debt. At this point, your business should move from handling the invoice in-house to managing it through one of the debt collection outsourcing services listed below.

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What Triggers Your Collection Efforts?

Your Virtual Credit Manager

Learn More About YVCM Services Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. More About Purchasing Credit Reports Please feel free to share this newsletter with your small business customers.

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What Is Industry Risk in Lending?

tillful

With self-employment, again, the ability to repay a loan will hinge on the success of the business. During the initial credit application, lenders will often ask you to select your industry from a dropdown menu of business categories. How do lenders evaluate industry risk? For example, the U.S.