How to Settle Credit Card Debt: 5 Effective Solutions for Lenders
Credit card debt is the third leading cause of debt collection complaints according to Consumer Financial Protection Bureau. This is concerning for lenders as more complaints indicate delayed debt recovery. It could lead to reduced fund inflow which negatively...
The Strategic Role of Back Office Outsourcing
According to Statista, consumers are increasingly searching for business process outsourcing companies that provide various services, especially back-office operations. Back-office outsourcing refers to the practice of contracting a third-party company to handle the...
Why is Account Receivable Outsourcing an Ideal Solution for Medical Practices?
Medical practices frequently struggle to handle their accounts receivables (AR) successfully. This problem results in lengthy AR days, a lack of cash flow, and high rates of bad debt, all of which can negatively impact their business. Despite the time and...
What Lenders Must Know About Rising Auto Loan Delinquencies
Auto loan delinquencies in the United States are on the rise, reaching levels not seen in over a decade. Recent data from the Federal Reserve Bank of New York indicates that 7.7% of car loans transitioned into delinquency in the fourth quarter of 2023, marking the...
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