Cabot Credit Management (CCM) is a market leader in credit management services including debt purchasing, contingency collections, business process outsourcing and litigation. Credit Management is about excellent communications internally and externally making sure that: what the customer wants, what the customer orders, what the salesperson would like to sell them, what order is processed, what order is picked, what order is delivered, what is invoiced, are the same thing.
Customer Service – Often overlooked by a person researching a debt management plan that is appropriate for them, customer service means that all of your credit card accounts should be accessible by the credit counseling agency you are working with and any questions you have regarding those accounts should be answered in a timely fashion.
I also want to get your experiences and your knowledge so we can make the Credit Management world a better place in this tough economic time, where Credit Management is becoming increasingly important after the very heavily sales orientated attitude to business over the past 15 years during the boom times.
Reduced Interest Rates – Although some creditors have tightened what they will as far as an interest rate reduction for a client who is working with a debt management plan there are still some credit card companies that will reduce rates as far as charging no interest while on the debt management plan.
With the increased availability of financial instruments and activities, such as, loan syndications, loan trading, credit derivatives, and creating securities, backed by pools of assets (securitisation), the banks, importantly, can be more active in management of risk.Tags: clarity, credit, management