In the past, a delinquent account reported to the credit bureaus could significantly lower a consumer’s credit score and impact their ability to borrow. However, in recent years, the effectiveness of credit reporting has certainly shifted. This shift is in part due to changes in credit scoring models, the rise of alternative credit lending [...]
For any reputable collection agency, compliance shouldn’t be just a requirement, but rather an integral part of the day-to-day operations. Because of the highly litigious, highly regulated industry, failure to build an agency with compliance at the forefront can lead to consequences such as fines and lawsuits with the most serious consequence being damage [...]
Dealing with past due invoices is part of any business, large or small. How each company deals with them can make a significant impact on overall profit margins. Nothing magnifies this more than the economy slowing down. So far, 2020 has proved how important staying on top of your receivables process is. Moreover, how [...]
