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The UK’s four largest banks are said to have hired over 750 new DebtCollection staff to their debtrecovery units in a major challenge facing them. If the 60% expected default rate becomes apparent, then the tactics banks employ to call in debt will be brought into the spotlight.
As DebtRecoveries Australia services a significant portion of the insurance industry, it has been of the utmost importance that we remain aware of the changes to the code and how they affect our clients, their insured customers and any third parties that recovery may be sought from in a claim. .
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