Debt Collection in the Pandemic: UK Lenders Face Big Challenges
Fico Collections
FEBRUARY 16, 2021
It marks the highest fine ever issued to a lender for what it deemed a breach of consumer credit rules. As we pass the first anniversary of the pandemic’s outbreak, where does this leave lenders? Right now, we’re advising lenders to adopt a flexible combination of criteria and pre-emptive approaches to evaluate debt risk.
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