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Debt Management

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Pros and Cons of Paperless Statements

Debt Guru

MAY 30, 2020

Your bank’s archives might only allow you to retrieve online statements for the past year or just a couple months, and you most likely lose all access if you close your account. Many lenders have reminder systems that will send follow-up notices a few days before your payment due date. Con: Lost Access to Old Statements.

Retrieval

Retrieval Banks Debt Management Lender

Digital Debt Collection and Early Collections

Fico Collections

JANUARY 17, 2022

In a recent McKinsey paper , the authors stress that digital debt collection helps to both substantially reduce operational costs and dramatically increase resolution rates. It is not surprising that several leading lenders, telcos, utilities and debt collection agencies are defining digital communications as their new normal.

Collections

Collections Retrieval Collection Agencies Collections Agency

Pros and Cons of Paperless Statements

Digital Debt Collection and Early Collections

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