Your Virtual Credit Manager

OCTOBER 8, 2024

(Photo by Gabriel Meinert on Unsplash ) Don’t Shoot Yourself in the Foot Before examining what needs to be done from a credit and collection policy and procedures perspective, you need to understand the most common reasons collection agencies are unable to collect everything that is due.

Third Party Collections 100

Third Party Collections Credit and Collections Bankruptcy Bad Debt 100

Your Virtual Credit Manager

DECEMBER 26, 2023

First we look at Red Flags that may indicate a customer could begin paying slower or default. Hopefully, these insights will help you with your collection efforts Not a subscriber … why don’t you take advantage of a YVCM subscription? Far more damaging is a customer that defaults (never pays).

Collector 130

Collector Credit and Collections Default Third Party Collections 130

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.

Bad Debt 130

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