Nexa Collect

JUNE 10, 2023

AI, or artificial intelligence, has the potential to impact the field of debt collection significantly. Debt collection involves pursuing individuals or businesses to repay outstanding debts. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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Katabat

DECEMBER 2, 2021

Up until a few weeks ago the economy was ticking right along, and everything was rosy on the collections front. Which begs the question: When should you start thinking about upgrading your collection capabilities? The Power of Testing Collection Strategies. It used to be that the collection process was grueling yet simple.

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Katabat

DECEMBER 2, 2021

Up until a few weeks ago the economy was ticking right along, and everything was rosy on the collections front. Which begs the question: When should you start thinking about upgrading your collection capabilities? The Power of Testing Collection Strategies. It used to be that the collection process was grueling yet simple.

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Fico Collections

JULY 19, 2021

Debt remediation is at the forefront of the financial services industry’s response to the pandemic, and this is leading collections operations to advanced analytics such as collections optimization. Our mission is to help people get out of debt,” said Marek Czysto?owski, owski, Chief Operating Officer at Ultimo. “We

Debt Management 52

Debt Management Collections Financial services Collection Agencies 52

Enterprise Recovery

JULY 31, 2024

Business debt, however, refers to the debt incurred by businesses or organizations for various purposes, such as operational expenses, investment in assets, or expansion. Let's explore the nuanced approaches to managing consumer and business debt and understand why one size does not fit all in debt management.

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Student Loans Student loans Credit Card Debt Debt Management 214

Nexa Collect

OCTOBER 17, 2020

A Collection agency for funeral homes can attempt to recover money a lot more efficiently. Being a third-party debt collector, they are well-versed with dealing all those excuses and know exactly how to get your money back to you. Need a Collection Agency? A collection agency is really helpful in such cases. Contact Us.

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Qualco

JUNE 2, 2021

What happened when a leading loan servicing organisation looking to optimise its treatment process and increase cash collections decided to leverage enhanced analytics? The internal collections floor used pre-determined, customised call scripts to conduct settlement negotiations and provide debt management advice to customers.

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Collections Debt Management Loans 98

Account Recovery

AUGUST 5, 2020

August 5, 2020, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today a strategic growth investment from Tritium Partners, a growth-focused private equity firm with extensive experience investing in fintech and financial services companies, and Terminus (..)

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Katabat

DECEMBER 2, 2019

3, 2019 – Katabat, a leading global supplier of debt management software solutions, today announced that SoFi, a leading personal finance company in the U.S., SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections. WILMINGTON, Del.,

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Personal loans Loans Collections Debt Management 78

Debtor Daddy

JANUARY 16, 2022

In this post, Debtor Daddy looks at five key trends we’re predicting in accounts collections this coming year. Implementing accounts receivable collections tools (such as Debtor Daddy) that automate processes has many advantages. The post 2022: Key trends in accounts receivable and collections appeared first on Debtor Daddy.

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JMA

APRIL 27, 2023

Here at JMA Credit Control, we’re a debt collection agency that has been assisting businesses in Australia to recover debts for more than 50 years. Read more » The post Proactive Debt Management: How to Avoid the Need for a Debt Collector appeared first on JMA Credit Control.

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Qualco

JUNE 29, 2023

Effective communication is critical for successful debt collections in today's fast-paced world. To keep pace with the latest technology and meet the growing expectations of a new generation of debtors, it's time to adopt an omnichannel debt collection approach. Click below to read our report!

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UK debt collections

MARCH 15, 2022

The Council refused to turn to Debt Collection Agencies for help despite incurring heavy losses as a result. No doubt resulting in an increase in Council tax to cover the shortfall as a result of not working with a professional debt collection agency. Once debts have started occurring, it becomes far more challenging.

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Collection Agencies Collections Agency Collections Debt Management 83

Qualco

OCTOBER 11, 2024

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

Debt Management 52

Debt Management Credit Management Creditors Government 52

UK debt collections

NOVEMBER 28, 2023

million into HMRC Debt Collection, raising efforts to recover £4.67 According to Treasury estimates, the injection of cash will help HMRC’s debt management team recoup £515million in taxes in 2024-25. Being chased by HMRC Debt Collection Team? The Government is to our £16.3

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Katabat

NOVEMBER 20, 2019

12, 2019 — Katabat, a leading global supplier of debt management software solutions, has launched Easy Collect, a powerful, yet easy to deploy, mobile payment portal for lenders and debt collection agencies. Easy Collect is PCI-compliant and does not require IT support for deployment. WILMINGTON, Del.,

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Collections Collection Agencies Collections Agency Debt Management 60

Qualco

APRIL 8, 2022

It is of great importance that financial organisations should invest in advanced technologies, such as Machine Learning and advanced analytics, to proactively efficiently manage the increasing debt and optimise the collection process. Want to get a full grasp on the ways they can do so?

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Debt Management Financial Institution Lender Government 52

Qualco

JANUARY 10, 2022

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

Debt Management 52

Debt Management Credit Management Creditors Government 52

Qualco

JANUARY 10, 2022

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

Debt Management 52

Debt Management Credit Management Creditors Government 52

Qualco

JANUARY 10, 2022

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

Debt Management 52

Debt Management Credit Management Creditors Government 52

Re:Ceeve

JUNE 5, 2020

One of the biggest challenges in debt collections is trying to create an effective dunning process that ensures outstanding balances are settled promptly and customers remain loyal to your company. Customer-centric collections is different from regular debt management processes. Customer preferences are changing.

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UK debt collections

FEBRUARY 22, 2022

Council Bosses in Lancashire are to discuss abandoning the use of Debt Collection Agencies to collect rent arrears or council tax. Regardless, liberal South Ribble councillors says a more considerate approach to rent and tax collection is still needed which likely lead to a rise in Council tax for the corresponding areas.

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UK debt collections

JANUARY 6, 2022

Debt Collection firms have welcomed the news that the Financial Conduct Authority has completed a consultation on outlawing referral fees for debt packager firms. Facebook and other social media platforms also carry the promise of wiping off debt for a small cost. This marketing comes from debt packager firms.

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Collections Debt Management Collection Agencies Collections Agency 59

Credit Corp

AUGUST 24, 2020

When you’re trying to conquer unpaid debts sent to collections, you’ll likely face some obstacles. Two of the most common are coming up with enough money to pay off the debt and negotiating a payment plan or settlement you can afford. Find out how to pay collections below. Creating a Debt Management Plan.

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Fico Collections

JULY 14, 2021

In today's environment, how do you transform your debt resolution function and create lasting success? Hoist Finance, the consumer debt purchaser working with banks and financial institutions across Europe, has had tremendous resultswith digital collections using the FICO® Platform. Further Collections Success.

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Hudson Weir

AUGUST 21, 2023

In this guide we explore HMRC debt management and collection, including the options if your business is struggling to make a repayment. The National Audit Office reports the total tax debt reached £42bn in September 2021, up from £16bn in January 2020 before COVID-19. If that’s the case, your company isn’t alone.

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Qualco

MAY 11, 2022

TIME TO OPTIMISE YOUR COLLECTIONS BY LEVERAGING SEGMENTATION. The existence of data in various places comes along with the issue of data format being substantially different. Besides, the time needed for the manual clean-up, can slow down any creditor and take up much of their personnel time.

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UK debt collections

JUNE 23, 2020

A mixed party collaboration of MP’s has written to the Chancellor requesting new legislative measures to reform the government’s debt collection practices. The 50 strong group of MP’s is urging chancellor Rishi Sunak to support the creation of a Debt Management Bill. Peter Turton of Stepchange said. “We

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Credit Corp

DECEMBER 22, 2020

Whether you make your debt payments on time makes up 35% of your credit score. Making on-time payments is one of the smartest ways to use your debt to your advantage. If you need a little help, debt management apps can help you organize and manage all of your debts in one place. Debt Manager .

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Student Loans Student loans Debt Management Loans 105

Katabat

APRIL 7, 2021

Katabat’s full suite of debt management solutions help lenders, financial institutions and debt collectors streamline communications and optimize engagement throughout the entire debt collection lifecycle. The post Katabat Powers the Future of Collections appeared first on Katabat. With that in mind, the 9.2

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Fico Collections

MARCH 30, 2022

itelna, the Czech Republic’s oldest and largest bank, has modernized its operations by optimizing its decisions around customers in early collections. The use of FICO prescriptive analytics, in this case, debt collection optimization, has improved customer satisfaction and reduced agent call minutes by 25 percent. “As

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Fico Collections

JANUARY 17, 2022

In early collections, most customers will pay within a couple of days when nudged by a friendly reminder, such as text messaging. Ideally, minimal operational effort is spent on customers that are likely going to pay, so that expensive debt collection resources can be focused on those customers where agent intervention makes a difference.

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Fico Collections

JANUARY 4, 2021

Within the collection industry in the United States, State and Federal Governments imposed significant constraints because of COVID. In addition, many States and the IRS slowed or stopped the collection of tax debts, and the Federal Government gave significant deferrals for the repayment of student loans, mortgages, and rent.

Student Loans 59

Student Loans Student loans Collections Government 59

Hudson Weir

JANUARY 10, 2025

For any company owing money to the government, we recommend reading our HMRC debt management and collection guide. One potential solution is a time to pay arrangement , which spreads liabilities out over a 6-12 month timeframe and reassures HMRC that a business is trying to get out of debt.

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Fico Collections

JANUARY 26, 2022

2021 saw debt collection and recovery professionals grappling with new regulations while they developed better ways to monitor and handle vulnerable customers during the pandemic. Collection strategies and apportioning of related costs are therefore concentrated on the appropriate customer level cases.

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Fico Collections

FEBRUARY 16, 2021

In part one of this series, I talked about selecting and empowering the right team to implement your new collections system. Utilizing FICO’s agile methodology , we often advise clients to drive their implementation plan to focus on getting a few debt types and their must-have features live quickly. Benefits of an Agile Methodology.

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Fico Collections

FEBRUARY 8, 2021

In this light, new clients often ask me what they can do to ensure both a successful implementation and knowledge transfer to their staff for a complex system like their new collections system (sometimes called their CRM system). Truly modern collection systems are implemented through configuration rather than modification.

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