Posts by Darren Tebbitt
What ChatGPT thinks about how digital transformation will disrupt the debt collections industry.
My 14 year old son asked me the other day whether I had played around with ChatGPT. An AI driven experiment from Open AI. Being naturally curious about anything tech related, I decided to sign up. Clearly I was not the only one as it took quite some time before I was allowed to ask…
Read MoreWhat do I do if I cannot afford my bills?
With energy bills rising and temperatures outside plunging, managing costs is becoming even more difficult. With the average cost of a full tank of petrol costing more than £100 for the first time this year, millions of people are faced with the “eat or heat” choice – forced to choose between eating a meal or…
Read MoreWhat to Expect When Your Debt Goes to Collection
Knowing your debt is sent to collections can be stressful. However, there is nothing to be stressed about. Many people miss out on payments every once in a while due to financial struggles. In such cases, the creditor can send your debt to a collection agency for faster recovery. When that happens, panicking or not…
Read More5 Things Debt Collectors Are Forbidden to Do
We know debt collectors for being rude, annoying, and sometimes downright scary when talking to debtors. They can use any technique or even threaten the debtor into paying up. To protect consumers against such atrocities, the government created several federal laws. These laws forbid debt collectors from using certain methods on debtors to make them…
Read More6 Resources Debt Collectors Can Use To Find You
In the digital age, it is certainly impossible to hide your whereabouts from debt collectors. Even if you don’t provide the agency with your number or other contact information, they can still find you. Debt collection agencies use several legal modes to gather information on you. If you are late on your EMIs, the best…
Read MoreHandling Debt Collection Calls: Do’s and Don’ts
Receiving a debt collection call can easily derail and overwhelm you. However, if you get frightened or emotional on the call, you may say the wrong things, leading to trouble later. Knowing the dos and don’ts of handling a debt collection call is essential to prevent such a situation. Here’s what you need to know…
Read MoreHow to Protect Against Phoney Debt Collectors and Scams
After the pandemic, the number of scams that siphon money off people have increased significantly in the UK. According to Lloyds Bank, the advanced fee scam has doubled over the year, and victims lost an average of 200 pounds. Debt collection fraud is becoming very common and can happen to anyone. Knowing how to protect…
Read MoreHow to Tell The Difference Between A Legitimate Debt Collector and Scammers
Whenever you receive a call from someone claiming they are a debt collector, you question whether they are real. Your doubts are not entirely baseless, as many fraudulent agencies and individuals would steal your money by claiming they are genuine debt collectors. However, legitimate debt collectors can also contact you for overdue payments. Knowing how…
Read MoreWhat Should I Know If I Have Debts in Collection?
There can be common instances when you have fallen behind on your debts or bills. It becomes a problem when your debt reaches collection. Businesses use third-party agencies to manage their collections, and you may have to deal with them regarding your unpaid invoice or debt. But don’t panic and don’t ignore the debt collectors…
Read More6 Reasons You Need Debt Collection Software
Debt collection has always been a challenge for the financial industry. Consumers may be unable to pay an invoice on time for various reasons, but the losses are ultimately borne by the business. You lose your vital cash flow and struggle to have ample working capital. Technology can help you overcome many challenges in debt…
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