Shifting Demographics of Debt: Best Collection Practices to Collect Debt From Millennials
Millennials, the youthful generation born between 1980 and 1995, represent the largest generation ever in America, and they are very different from their predecessors. They are the generation with the fastest-growing debt load. According to the Experian 2020 State of...
Trends That Make Digital Debt Collections a Necessity
Today, household debts are at an all-time high, delinquencies have been rising through the roof, and increasing numbers of people are falling behind on their bills. Along with these, shifting customer preferences, a stringent regulatory environment, and the lack of...
How Does Machine Learning Help in Debt Collections?
Debt collection is a difficult business to be in. The competition is fierce and consumer behaviors and methods of communication are changing faster than ever before. Because of this, Collection Agencies are always looking for ways to get an edge over their...
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