Effective delinquency management is a looming concern for lenders of all types and sizes. Every lender’s operations may account for some level of loan delinquency. But if that level becomes too high, it can negatively affect your business, including increased collection costs, reduced profitability, and reputational risk. According to reports by a credit information bureau, […]
Best Practices for Delinquency Management in a Post-COVID World
What does the post-COVID world look like? Well, no one really knows but the world is slowly inching toward it for sure. In the course of a year, the COVID-19 pandemic has affected people in every sector, however, the most damage was perhaps felt by the financial sectors, including non-banking financial institutions (NBFIs), banks, fintech, […]