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How To Respond When Your Debt Is Sent To Collections?

Taurus Collect

However, sometimes we can fail to pay back the amount and end up with hundreds of calls from creditors. Ultimately, they can also hire a debt collection agency to pursue the money you owe to them. Read on to understand how to respond when your debt is sent to collections. Stop and take a breath. Hire a third party for help.

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Integrating Judicial and Extrajudicial Strategies in Portfolio Management

Qualco

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit. Assess the feasibility of proposed repayment plans and debt restructuring solutions.