Explore Latest Trends in Debt Collection
While global debt reached a peak of $315 trillion by 2024, there’s a specific type of debt that isn’t everyone’s cup of tea. The chances of retrieving such a debt have been concluded to be nearly impossible.
With the subscription market expected to reach a staggering $5,014.4 billion by 2023, subscription companies worldwide are focusing on keeping up with the competition. This includes developing customer…
Subscription companies have taken the world by storm, especially with their total market cap of roughly around $14 Trillion. While these companies differ regarding the subscription services offered, they do have something in common: the need for failed payment solutions.
Businesses and consumers around the world are tangled around debts daily. With a constant and staggering rise of debt in the US alone, it’s safe to say that these numbers are indeed going up. While predicting such a rise may not have been the most straightforward task to undergo in the old days, current technological advancements,
The recent age of AI has allowed many businesses to upscale their revenue while minimizing resource usage. This automation concept has been wholeheartedly accepted by debt collectors worldwide, mainly due to how much hassle automated debt collection can save these companies.
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% |