Today, household debts are at an all-time high, delinquencies have been rising through the roof, and increasing numbers of people are falling behind on their bills. Along with these, shifting customer preferences, a stringent regulatory environment, and the lack of...
Debt collection is a difficult business to be in. The competition is fierce and consumer behaviors and methods of communication are changing faster than ever before. Because of this, Collection Agencies are always looking for ways to get an edge over their...
Almost all companies deal with delinquent accounts. Not managing them correctly can put a burden on your operations and make it difficult to grow. Utilizing internal resources to follow up on these accounts in a timely fashion can be challenging. In...
How have post-pandemic hiring challenges affected the credit and debt collection industry? The COVID-19 pandemic struck without warning, and companies were left blindsided as they struggled to adapt and maintain financial strength as global economies started failing,...
7 tips to Find the Best Debt Collection Agency More and more companies are finding that offering credit terms expands their customer pool. But with credit terms comes the issue of the increased number of debt defaulters. This is where debt collection agencies come...
Collections or debt collections involve the process of recovering debts from the borrower, who failed to repay and recovering payments on accounts that are past their due date. Although the collections process is about the recovery of outstanding debt, the question is...
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