How To Tackle Uncollectible Accounts

How To Tackle Uncollectible Accounts

Uncollectible accounts, also known as bad debts, are receivables that a business is unable to collect from customers due to various reasons such as bankruptcy, financial difficulties, or disputes. These accounts pose a risk to a company’s financial health as...
5 Proven Auto Loan Delinquency Prevention Methods

5 Proven Auto Loan Delinquency Prevention Methods

According to an article by Federal Reserve Bank Philadelphia, auto loan debt is now the third-largest debt category after mortgages and student loans. The first quarter of 2023 saw a $10 billion increase in auto loans, bringing the total to $1.56 trillion. With the...
Trends in Debt Collection Outsourcing

Trends in Debt Collection Outsourcing

In recent years, the landscape of consumer finance has undergone significant transformations, leading to an alarming increase in debts across various sectors. According to Gitnux Market Data, approximately 70 million Americans have a debt in collections.  With...