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 outstanding payments without damaging your existing customer relationships. Not every customer intends to cheat you out of your money. Sometimes they face genuine financial struggles…
Read MoreWhat 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 be frustrating, there are a few steps you can take to resolve the situation. Read on for what to do when customers won’t pay their…
Read More6 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 you can take to improve your chances of getting paid on time. An effective debt collection strategy can make all the difference in keeping your…
Read MoreWhat 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 my question. When…
Read MoreAn Introduction to Ethical Collection Strategy
This blog discusses the importance of ethical debt collection practices and how to create a successful strategy. Read more!
Read MoreDebt Collection Tips for Startups: 4 Steps Entrepreneurs Must Take to Survive
This blog post discusses four essential tips startups need to collect their due debts. Read more!
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…
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