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What is Credit Control and How to be a better Debt Collector

Debt Recoveries

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. Establishing credit terms, assessing creditworthiness, generating bills, and keeping track of past-due payments are all part of it. An essential aspect of credit control is invoicing. or 1300 799 511.

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7th Cir. Holds FDCPA Consumer’s Confusion And Hiring Attorney Not Enough For Article III Standing

Collection Industry News

Court of Appeals for the Seventh Circuit recently vacated judgment in favor of a debt collector against putative class action claims raised by a consumer that its collection letter violated the federal Fair Debt Collection Practices Act (FDCPA) by threatening action that could not legally be taken and amounting to a false representation.

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How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

Offering flexible repayment plans can facilitate quicker settlements, reducing the need for formal debt collection interventions. Regularly Review Client Creditworthiness: Conduct periodic reviews of clients’ credit status. Offer Flexible Payment Solutions: Sometimes, clients face genuine financial difficulties.