6 Common Misconceptions about Debt Collection Agencies
When businesses consider outsourcing their delinquent accounts, many worry about the perceived risks of hiring a debt collection agency. Yet much of what people believe about collection agencies is based on misconceptions that prevent companies from leveraging...
The Impact of First-Party Collections on Your Bottom Line
In the world of receivables management, first-party collections often receive less attention than their more aggressive third-party counterparts. But make no mistake: when done right, first-party collections can have a significant impact on your bottom line by...
How to Improve Recovery Rates by Identifying Delinquency Types?
When a credit card payment fails, the problem isn’t always what it seems. A customer who forgot to update an expired card required a completely different approach than someone who deliberately maxed out their limit with no intention of paying. Yet many businesses...
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