5 Must Haves of an Effective Debt Collection Strategy
One of the most stressful aspects of banking surely revolves around debt collection. As borrowers' financial circumstances fluctuate, an effective debt collection process becomes a cornerstone in managing delinquent accounts while fostering borrower relationships. To be well positioned to navigate the complexities of debt collections, financial institutions must be equipped to harness the power theof technology, data, and center their collection strategy around the borrower.Â
