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Overdue Advice: Cash Flow & Debt Collection Strategies to Grow Your BusinessOverdue Advice is the podcast about cash flow strategies to grow your business. Author: MetCredit
Overdue Advice is the podcast about cash flow strategies to grow your business. Each episode covers an aspect of credit management and accounts receivable. "Legal Collections (and How to Avoid Going to Court)," "Debt Doesn't Die: Estate Collections," and "How Professional Collectors Recover More," are just a few areas covered with rare industry insights. There's no show like it! Host Bryn Griffiths talks with guests including published authors, veteran collectors, accounts receivable trainersand Brian Summerfelt, the CEO of MetCredit, North America's leader in ethical business debt collection, to examine all sides of debt recovery. Most importantly, you'll learn how to improve your business' cash flowand put an end to bad debt forever. Language: en Genres: Business, Education, Self-Improvement Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Growth, Grit, and Good People: Inside MetCredit’s Winning Formula, with Lorne Smith
Episode 52
Wednesday, 12 November, 2025
In this insightful and engaging episode of Overdue Advice, host Bryn Griffiths welcomes Lorne Smith, MetCredit’s new Senior Vice President and a 20+ year veteran of the credit collection industry. Lorne shares surprising insights on the evolution of the collections business, his personal journey, and the importance of mentorship, culture, and putting people first. They get into the impacts of technological changes, including AI’s role, and discuss leadership, building strong teams, and adapting in a rapidly shifting industry. It's a window into MetCredit's phenomenal ability to retain great people, from one who started here, worked elsewhere ... and is clearly excited to be back.Episode Highlights:[00:00:27] - Introduction to Lorne Smith:Lorne Smith returns to MetCredit after years away, discussing his early start and long-standing mentorship under COO Marc Billard.[00:01:15] - The Importance of Culture:Lorne Smith emphasizes MetCredit’s people-first, staff-driven culture and how crucial work-life balance is for him at this stage of his career.[00:02:13] - Finding Passion in Collections:He describes falling into the industry and discovering a natural fit due to his competitive nature and commitment to problem-solving.[00:03:17] - Problem-Solving & Listening:Lorne Smith highlights that listening is key to resolving issues in collections, whether dealing with consumers or team members.[00:04:17] - Lessons from His Career Gap:He learned vital management skills and the importance of balancing competitiveness with staff needs, as well as embracing technological changes.[00:06:44] - Putting People First:Lorne Smith discusses how genuine care and respect for people, both clients and employees, lead to success.[00:07:27] - Industry Evolution & Technology:He reviews the shift to digital outreach and stresses the need to continually adapt to the changing demographics and tech landscape.[00:08:52] - AI in Collections:Lorne Smith weighs the potential and limitations of AI in the industry, expressing cautious optimism while stressing that human interaction remains essential.[00:11:17] - Post-Pandemic Learnings:Reflecting on how the pandemic affected consumer behavior and the collections process, he notes the importance of strong foundational skills for new collectors.[00:13:09] - Building & Growing in Mississauga:Lorne Smith shares his ambitions for expanding MetCredit’s reach in Central Canada and the importance of relationship-building.[00:14:03] - Looking Ahead:He discusses the challenges of sustainable growth and the necessity of building a solid foundation for staff development and company advancement.[00:16:28] - A Sense of Belonging:Lorne Smith expresses gratitude for returning to MetCredit and the positive, family-like atmosphere cultivated by leadership.Listen in for practical strategies, career advice, and forward-thinking perspectives on collections and leadership in a changing world!
