The Role Of Skip Tracing In Auto Loan Collections
Are you struggling to collect on defaulted loans? Are your borrowers skipping town? Imagine lending money for a car purchase and the borrower stops making payments. You might assume that repossessing the car is the next logical step. But what if you can’t find...
How Does Medical Debt Affect Your Credit Report?
According to a report published by the Kaiser Family Foundation, Americans owe at least $220 billion in medical debt. In the United States, approximately 14 million people have medical debt exceeding $1,000, and approximately 3 million have debt exceeding $10,000. The...
Exploring Debt Collections: First-Party vs Third-Party Collections
According to a report by the Federal Reserve, household debt in the United States surged to an all-time high of $16.90 trillion during the period from October to December the previous year, marking the largest quarterly rise in two decades. With the increasing debt,...
Top 10 Accounts Receivable Process Improvement Ideas
In today’s fast-paced environment, efficient management of accounts receivable is crucial for the financial stability of an organization. Even if your company is effective at collecting outstanding payments, the duration and effort required for this collection process...
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