Extra Credit
Welcome to Extra Credit, a weekly podcast from the National Association of Credit Management. You can expect to hear from different credit professionals each Friday. We’ll help you stay informed about the latest in the B2B credit world.
Extra Credit
Late Fees as a Collection Strategy
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NACM
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Episode 50
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Credit professionals have reported an increase in payment delays as customers feel the pressure of inflation, supply chain issues and overarching economic volatility. Now is the time for credit professionals to remind customers of any late fee or interest rate policies to encourage timely payments.
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