Remove Collections Agency Remove Communications collections Remove Lender Remove Loans
article thumbnail

Is Your Collections Operation Ready for the Economic Recovery?

Fico Collections

In the UK, for example, the recovery of billions of pounds’ worth of business interruption loans, the forecasted SME failure rate (circa 900k) and the need for both phoenix and new businesses to be funded is causing many credit grantors to doubt the effectiveness of historic data.

article thumbnail

Top 5 Debt Collection and Recovery Posts of 2021

Fico Collections

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. While Government will likely take a hand in directing the pace of some collection activities, others will be determined by the debt holder. Trillion owed.