Explore Latest Trends in Debt Collection
Many companies are now in the process of making and offering their services with full automation. The advancement majorly in technology and AI incorporation in every step has changed the workflow of each industry.
Businesses worldwide have been expanding their reach to enhance their international debt collection. However, optimizing with in-house resources alone is seemingly complex, which has caused several challenges for companies on a global scale.
While collection agencies worldwide are taken aback by the staggering debt rates in the US alone, the need to continue fostering positive customer relations has also become prominent among debt recovery solutions.
While collection agencies worldwide are taken aback by the staggering debt rates in the US alone, the need to continue fostering positive customer relations has also become prominent among debt recovery solutions.
While collection agencies worldwide are taken aback by the staggering debt rates in the US alone, the need to continue fostering positive customer relations has also become prominent among debt recovery solutions.
While collection agencies worldwide are taken aback by the staggering debt rates in the US alone, the need to continue fostering positive customer relations has also become prominent among debt recovery solutions.
Applies to All Consumers (B2C) Accounts
| International (Cross-border) | 35% |
| Legal (Pre-authorized) | 50% |
| Out of Business | 50% |
| Judgements | 50% |
| Claim Value | Rates |
|---|---|
| $50,000+ | 20% |
| $5,000 - $49,999 | 25% |
| $1,000 - $4,999 | 35% |
| Under $1,000 | 50% |
| International (Cross-border) | 35% |
| Legal (Pre-authorized) | 50% |
| Out of Business | 50% |
| Judgements | 50% |
| Over 1 Year Old* | 50% |
Applies to All Consumers (B2C) Accounts
| International (Cross-border) | 30% |
| Legal (Pre-authorized) | 40% |
| Out of Business | 40% |
| Judgements | 40% |
| Claim Value | Rates |
|---|---|
| $50,000+ | 15% |
| $5,000 - $49,999 | 20% |
| $1,000 - $4,999 | 25% |
| Under $1,000 | 30% |
| International (Cross-border) | 30% |
| Legal (Pre-authorized) | 40% |
| Out of Business | 40% |
| Judgements | 40% |
| Over 1 Year Old* | 40% |