JSP Credit Management

APRIL 28, 2022

We work on a no-win-no-fee basis for bad debt recovery and our credit control and credit risk services can be ordered via our website with the littlest of hassle. and contact us to discuss your needs.

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Your Virtual Credit Manager

OCTOBER 31, 2023

The new customers you take on should exhibit an acceptable level of risk, but this can change over time. By performing due diligence before extending credit to customers and by monitoring their performance, you can mitigate the level of credit risk in your AR portfolio. There are a lot of reasons business fail.

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Bad Debt Credit and Collections Accounts Receivable (AR) Credit Risk 130

Know-It Global

DECEMBER 20, 2023

May We H-it London For Accountex We had a great time talking to new and existing clients whilst showing new audiences how Know-it helps businesses mitigate credit risk, reduce debtor days and boost cashflow! The team made their way from Glasgow to Manchester to promote the platform and showcase the credit control platform.

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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.

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FICO Blog

FEBRUARY 7, 2023

Developed by FICO in partnership with LexisNexis Risk Solutions and Equifax, this innovative credit score utilizes alternative data—data not included in the traditional credit bureau file. The inclusion of this alternative data leads to a more reliable estimate of consumer credit risk and helps score more than 26.5

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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?

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Biz2X

JULY 11, 2023

It also offers automated debt collection. Solid credit risk assessment Automated processing of borrower-supplied credit documents in formats including PDF, digital image, JSON, XML, and others. Enhanced scoring of business credit risk using default probability based on modeling.

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FICO Blog

MAY 2, 2023

See all Posts chevron_left Blog Home expand_less Back To Top Related posts FCA’s Consumer Duty Mandates Sharper Use of Technology How Omnichannel Communications Improve Debt Collection How Organizations with Decisioning Platforms Win

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Credit and Collections Debt Collections Credit Risk 52

FICO Blog

JANUARY 9, 2023

Plenty still have siloed data across marketing, credit risk, customer management, fraud, compliance, and collections operations. It also helps identify where a company should focus its efforts and at the same time delight customers who appreciate the anonymity of this debt collection communication approach.

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JSP Credit Management

SEPTEMBER 23, 2021

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!). But it is becoming increasingly important to anybody involved in the industry for a variety of reasons.

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Debt Collections Credit and Collections Bad Debt Credit Management 52

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.

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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.

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Credit and Collections Debt Collections Credit Risk Small Businesses 52

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.

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Credit and Collections Debt Collections Credit Risk Small Businesses 52

FICO Blog

JANUARY 19, 2023

How credit and debit card spending and borrowing are changing over time. Some consumers may look like typically “good customers” today from a credit risk perspective, but their situation could quickly deteriorate if they suffer a payment shock from a re-mortgage, their savings are exhausted, or they experience reduced income.

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Know-It Global

JULY 5, 2023

It involves assessing the creditworthiness of customers, setting credit limits, monitoring outstanding balances, and efficiently collecting payments. A well-designed credit control system helps a business strike a balance between providing credit to facilitate sales and mitigating the credit risk of non-payment or bad debt.

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FICO Blog

DECEMBER 8, 2022

Building portfolio risk resilience into Collections & Recovery. Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management. asokolowski. Fri, 06/03/2022 - 12:24.

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Credit and Collections Debt Collections Default Credit Risk 52

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.

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Credit and Collections Debt Collections Credit Risk Small Businesses 52

Due

JANUARY 3, 2023

There are a number of elements that make up your credit report, including personal information, your credit account history , and your credit inquiries. Credit bureaus receive this information from your lenders and creditors. FICO® Scores are used to determine whether you are a good credit risk for future lenders.

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Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

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.

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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.

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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.

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TreviPay

SEPTEMBER 18, 2024

Benefits of Trade Credit Insurance There are many benefits to trade credit insurance. It offers businesses valuable protection and financial stability by safeguarding against trade credit risk. The seller is no longer at risk of customer non-payment and insolvency.

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CreditStrong for Business

OCTOBER 24, 2024

Part of what makes the process difficult is that you will likely have fewer credit options and often fewer desirable options. In many cases, lenders will view those with minimal income as a credit risk and require forms of collateral and/or impose high-interest rates, fees, and other requirements.

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Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

Emagia

FEBRUARY 2, 2024

You have all credit data in one place, eliminating the need to maintain disparate systems or spreadsheets – a major reason hitherto for presenting differing data to different stakeholders. It helps managers to track the KPI of the credit team on the collection and debt collection efficiency.

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Abrigo

NOVEMBER 22, 2021

Takeaway 3 Consumer compliance laws related to debt collection and preventing money laundering are also important for lenders. Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Debt collections & anti-money laundering.

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JSP Credit Management

APRIL 19, 2022

This brought us to considering tendering for commercial debt collection contracts for public sector organisations and other larger private organisations. What we have observed so far in our experience of tendering for commercial debt collection contracts is that one question tends to pop up over and over again.

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