Our Blogs
Browse the latest thought leadership, best practices, and in-depth insights from DebtCo International. Stay informed about the hottest trends in debt collection, debt collection software and more. From exploring the latest way to better manage debt collection strategies, our experts introduce you to cutting-edge ideas that are supporting improved collection recovery rates.
| Business, debtors, News
DebtCo UK Solutions Ltd and Taurus Collections (UK) Ltd Announce Strategic Merger
DebtCo UK Solutions Limited and Taurus Collections (UK) Ltd Collections Limited have announced a breakthrough for the UK's financial services industry by joining forces. Their merger ushers in an era ...
| AI debt collections, Business
A New Era of Compassionate Debt Collection: A Glimpse into the Future.
DebtCo is forging ahead with its debt collection services with an eye towards empathy and empowerment, following the definition offered by the Financial Conduct Authority of what makes an 'vulnerable ...
| AI debt collections
Everything You Should Know About Digital Debt Collection
In an increasingly digitised world, even traditional sectors like debt collection are evolving. Digital debt collection, a relatively new concept, is transforming how businesses recover outstanding debts. This process not ...
| debtors
Between Numbers and Nerves: Understanding Debt’s Emotional Impact
Financial strains like debt extend far beyond our wallets - they affect every area of our emotions and mental lives. When debt becomes part of your reality, its whispers can ...
| digital debt collections
Help Your Customers: 5 Ways To Deal With Debt
Debt is a reality for many people and businesses. It can be tricky to manage, but it's important to help your customers deal with debt if you wish to collect ...
| digital debt collections
What to Do When Customers Won’t Pay Their Bill
You've done the work, sent the invoice, and now it's time to get paid. But what do you do when your customer refuses to pay their bill? While it can ...
| digital debt collections
6 Effective Debt Collection Strategies to Implement
If you're a business owner, chances are you've had to deal with late or unpaid invoices at some point. It's an unfortunate reality of doing business, but there are steps ...
| AI debt collections, digital debt collections, News
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 ...
| digital debt collections
An Introduction to Ethical Collection Strategy
When collecting payments or outstanding debts, an ethical collection strategy is key. A successful collection process considers the customer's well-being and ensures that payments are collected effectively and respectfully. Effective ...
| AI debt collections
5 Ways AI is Shaping the Future of Debt Collection
In the modern world, artificial intelligence (AI) is taking over human-driven processes in many levels of business and consumer life. AI can be used in debt collection to automate certain ...
| Business, digital debt collections, News
Debt Collection Tips for Startups: 4 Steps Entrepreneurs Must Take to Survive
As an entrepreneur, you understand the importance of taking on debt to finance your startup. Unfortunately, it can be difficult to navigate collecting what you're owed when lenders don't receive ...
| debtors
What 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 ...
| digital debt collections, News
What 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 ...
| digital debt collections, News
5 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 ...
| digital debt collections, News
6 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 ...
| debtors, digital debt collections, News
Handling 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 ...
| debtors, digital debt collections, News
How 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 ...
| debtors, News
How 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 ...
| debtors, digital debt collections
What 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 ...
| digital debt collections
6 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 ...
| News
Advantages of Using A Debt Collection Agency
A steady cash inflow is critical to running a business. A stable influx of cash is only possible when your invoices are paid on time. But that rarely happens in ...
| digital debt collections, News
Top 6 Debt Collection Tips for Small Business Owners
An unpaid invoice is probably the worst nightmare for any business. It hampers cash inflow, productivity, and eventually, the growth of your business. However, unpaid invoices are far more common ...
| debtors, digital debt collections, News
Debt Collection FAQs
One call no one wishes to attend is often from a debt collector. However, it is more common than you know for people not to pay their debts on time ...
| AI debt collections
How chatbots and automation supports debt collection
Can you believe that the very first chatbot was created in 1966? This makes the technology older than the internet. Admittedly it did take many years to flourish however it ...
| digital debt collections, News
How Can Digital Debt Collection Spur Fintech Success?
Digital transformation is changing how multiple industries function today. Finance is one of the industries that has significantly transformed in the past few years due to digitization. Debt collection, a ...
| digital debt collections, FinView, News
FinView is now available to download in both the Google and Apple app stores.
We are proud to announce that we have just launched the FinView app in the stores of both Google and Apple. This release marks a significant milestone in our ...
| AI debt collections, FinView, News
3 Technologies That Will Provide A Much-Needed Makeover To The Debt Collection Process
The regular inflow of cash is an essential requirement for the survival and growth of any business. Payment from invoices is one of the primary sources of cash inflow. However, ...
| digital debt collections, News
8 Reasons to Hire a Debt Collection Agency
Every business comes across customers that don't pay their invoices on time. These customers are not only an inconvenience but can end up being the reason for the closure of ...
| digital debt collections, News
6 Debt Collection Myths Dispelled
Debt collection agencies help businesses collect the payments that companies don't get on time for various reasons in the most efficient way possible. Digital debt collection services can change how ...
| digital debt collections, News
3 Things that Will Increase Your Chances of A Successful Recovery Of Debt
If you have been in debt collection services for some time, you know every customer is different. There are no set rules on how to deal with all your customers. ...