digital debt collections
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 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 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…
Read MoreTop 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 than you know in business. It is challenging for small businesses to deal with debt with minimal resources and tight budgets. If you are worried…
Read MoreDebt 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 and receive a call from collections. If you are in such a situation, there is nothing to worry about. Knowing more about debt collection and…
Read MoreHow 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 big part of the financial industry, is also overthrowing traditional methods and moving towards digital debt collection. AI debt collection and insight-based collection methods are…
Read MoreFinView 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 digital transformation of the AI debt collections industry. An idea that was formed a year ago, FinView started off as an experiment to see whether…
Read More8 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 your business. Over 80% of small businesses shut down within the first few years of establishment due to a lack of cash flow. A debt…
Read More6 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 firms handle their finances in today’s world. However, many businesses debt collection services not use debt collection services as they believe in the prevalent myths.…
Read More3 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. Instead, improvise by understanding the client’s situation. However, few things never go wrong, no matter what type of client you are dealing with during recovery.…
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