Credit Management, Credit Risk and Debt Collections

Tackling Customers that Always Pay Late

Your Virtual Credit Manager

FEBRUARY 25, 2025

To better deal with these customers, it is helpful to segregate them into three groups: Those who are financially strong (low credit risk) and are trying to increase their cash position through late payments. Your Virtual Credit Manager is a reader-supported publication. Do you need help improving cash flow?

Bad Debt

Bad Debt Credit and Collections DSO Debt Collections

Dealing with Difficult Debtors

Your Virtual Credit Manager

JULY 2, 2024

These account provide a serious credit risk, and should not be approved for open credit terms. When an otherwise good customer because a habitual debtor, their credit limit should be revoked. Recovering what you are owed by this type of debtor requires an aggressive, though still professional, collection effort.

Collector

Collector Debt Collections Past Due Invoices Credit and Collections

Are You Your Own Worst Enemy?

Your Virtual Credit Manager

OCTOBER 31, 2023

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. The new customers you take on should exhibit an acceptable level of risk, but this can change over time. More About Purchasing Credit Reports The Final Analysis.

Bad Debt

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Risk

Webinars

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

MORE WEBINARS

Effective Strategies to Reduce Debtor Days

Know-It Global

JULY 26, 2023

Ensure you have a dedicated team or individual responsible for debt collection, maintaining regular communication with customers, and resolving payment issues. These tools streamline processes, reduce errors, and improve overall efficiency, enabling faster and more accurate credit management. Struggling for time?

Electronic Funds Transfer

Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt

The Implications Of Company Structure On Debt Collection

JSP Credit Management

OCTOBER 31, 2021

This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. Therefore, a business owner operating as a Sole trader will be 100% personally liable for all debts owed by the business.

Debt Collections

Debt Collections Credit and Collections Law Firms Collector

What is Credit Risk Management: Principles, Examples, and Best Practices

Emagia

JUNE 12, 2023

Credit risk management plays a critical role in the financial health and stability of businesses across industries. It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. What is Credit Risk Management?

Credit Risk

Credit Risk Credit and Collections Bad Debt Default

Complete Guide To Credit Control For Business

Know-It Global

JUNE 20, 2023

This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow! Setting Up Credit Control Processes 1.1 3: Debt Recovery and Minimising Bad Debt 3.1

Bad Debt

Bad Debt Credit and Collections Debt Collections Credit Risk

Know-it 2023 Round Up- It’s Been a Blast ?

Know-It Global

DECEMBER 20, 2023

March Our First Customer Success Manager – Clara Gobrecht With more and more subscribers on our amazing credit management platform every day, Clara was introduced officially as Know-it’s first customer success manager who is on hand to give support to our users to help them get the most out of the Know-it platform!

Credit and Collections

Credit and Collections Debt Collections Credit Management Credit Risk

Working With The V-word In Debt Collection

JSP Credit Management

APRIL 28, 2022

JSP Credit Management currently allows clients to instruct us on an overdue debt via an automated web form available on our website, but what it is seemingly missing currently is a possibility that allows our future clients to tell us if the case they are instructing us on involves a vulnerable customer.

Debt Collections

Debt Collections Bad Debt Credit Management Credit Risk

A guest blog from Curtis Fort from the Construction Credit and Finance Group.

JSP Credit Management

FEBRUARY 3, 2022

As a leader in business to business debt collection services, we’ve been asked to share our insights into the size and scope of the b2b debt collection industry. After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. billion by 2022.

Debt Collections

Debt Collections Collector Credit and Collections Credit Risk

Compliance: What It Means For Us And For You

JSP Credit Management

SEPTEMBER 23, 2021

When JSP Credit Management was first incorporated, naturally a fair amount of preparatory work had already been done. Admittedly, unless you are involved in debt collection or credit management more widely, we do not expect this to be an edge of your seat read (or even if you are in the industry!).

Debt Collections

Debt Collections Credit and Collections Bad Debt Credit Management

Can A Robot Be A Better Debt Collector Than Us?

JSP Credit Management

OCTOBER 10, 2021

Some lawyers are not so keen on the idea, which does not come as a surprise but AI is already being used to make important decisions that will go on to significantly impact the life of the people who are subjected to it, such as in the case of credit lending decisions. But what does all this mean for the debt collection industry?

Collector

Collector Debt Collections Credit and Collections Bad Debt

Scottish fintech sets its sights on Australia

Know-It Global

SEPTEMBER 19, 2023

Know-it, a Scottish fintech that provides a cloud-based credit management solution for small-to-medium enterprises (SMEs), is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. Lynne Darcey Quigley’s Know-it platform automates payment chasing and debt recovery.

Credit and Collections

Credit and Collections Debt Collections Credit Risk Small Businesses

Scottish fintech sets its sights on Australia

Know-It Global

SEPTEMBER 19, 2023

Know-it, a Scottish fintech that provides a cloud-based credit management solution for small-to-medium enterprises (SMEs), is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. Lynne Darcey Quigley’s Know-it platform automates payment chasing and debt recovery.

Credit and Collections

Credit and Collections Debt Collections Credit Risk Small Businesses

Scottish fintech sets its sights on Australia

Know-It Global

SEPTEMBER 19, 2023

Know-it, a Scottish fintech that provides a cloud-based credit management solution for small-to-medium enterprises (SMEs), is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. Lynne Darcey Quigley’s Know-it platform automates payment chasing and debt recovery.

Credit and Collections

Credit and Collections Debt Collections Credit Risk Small Businesses

Scottish fintech sets its sights on Australia

Know-It Global

SEPTEMBER 19, 2023

Know-it, a Scottish fintech that provides a cloud-based credit management solution for small-to-medium enterprises (SMEs), is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. Lynne Darcey Quigley’s Know-it platform automates payment chasing and debt recovery.

Credit and Collections

Credit and Collections Debt Collections Credit Risk Small Businesses

Trade Credit Insurance for Businesses: Definition, Benefits & How It Works

TreviPay

SEPTEMBER 18, 2024

By offering protection against non-payment, trade credit insurance helps businesses avoid financial strain, improve cash flow and maintain a stable credit management process. How Does Trade Credit Insurance Work? Benefits of Trade Credit Insurance There are many benefits to trade credit insurance.

Bad Debt

Bad Debt Default Credit and Collections Export Credit

The Number 1 Reason Your Commercial Invoices Are Not Getting Paid

JSP Credit Management

SEPTEMBER 28, 2021

So a career in various credit management roles before JSP Credit Management being born of over 15 years has left us extremely well placed to pass comment on some potential causal factors affecting non-payment. or contact us on 01827 66820 to discuss your needs.

Credit and Collections

Credit and Collections Collector Bad Debt Debt Collections

Managing A "Pay When Paid" Policy

JSP Credit Management

DECEMBER 14, 2021

One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too. This has its benefits and its disadvantages, like everything else.

Law Firms

Law Firms Credit and Collections Debt Collections Credit Risk

Best Practices for Managing Delinquent Accounts in Accounts Receivable

Gaviti

NOVEMBER 16, 2023

Manage customer credit risk Maintain a clear credit history for each customer so that you can make informed credit decisions and minimize risk. Extending credit to customers who cannot pay can lead to bad debt, write-offs and even legal consequences. 120 Days Delinquent.

Credit and Collections

Credit and Collections Bad Debt Invoice to Cash Debt Collections

Why is B2B Credit Automation Critical in The Digital Era?

Emagia

FEBRUARY 2, 2024

OTC, the main cash flow driver, has many subsets within it, and credit management is more important than it looks on the surface. The top line and bottom line will be positively impacted when a sales order is received and fulfilled, but your business is at risk till you collect cash against the invoice.

B2B Credit

B2B Credit Credit and Collections Credit Application Credit Management

Monitoring Your Collection Rates And Finding Balance

JSP Credit Management

APRIL 19, 2022

JSP Credit Management's journey so far has taken some unexpected turns in its short lifespan. This brought us to considering tendering for commercial debt collection contracts for public sector organisations and other larger private organisations. and contact us to discuss your needs.

Debt Collections

Debt Collections Credit and Collections Collector Bad Debt

Credit Management Source

Tackling Customers that Always Pay Late

Dealing with Difficult Debtors

Webinars

Trending Sources

Are You Your Own Worst Enemy?

Webinars

Effective Strategies to Reduce Debtor Days

The Implications Of Company Structure On Debt Collection

What is Credit Risk Management: Principles, Examples, and Best Practices

Complete Guide To Credit Control For Business

Know-it 2023 Round Up- It’s Been a Blast ?

Working With The V-word In Debt Collection

A guest blog from Curtis Fort from the Construction Credit and Finance Group.

Compliance: What It Means For Us And For You

Can A Robot Be A Better Debt Collector Than Us?

Scottish fintech sets its sights on Australia

Scottish fintech sets its sights on Australia

Scottish fintech sets its sights on Australia

Scottish fintech sets its sights on Australia

Trade Credit Insurance for Businesses: Definition, Benefits & How It Works

The Number 1 Reason Your Commercial Invoices Are Not Getting Paid

Managing A "Pay When Paid" Policy

Best Practices for Managing Delinquent Accounts in Accounts Receivable

Why is B2B Credit Automation Critical in The Digital Era?

Monitoring Your Collection Rates And Finding Balance

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