#debt-collection

#debt-collection

Late payments continue to challenge SMEs, impacting growth and stability, necessitating effective strategies for resolution to ensure financial health.

If you miss a bill, and a few reminders to pay, in the mail, your German bank account can be slapped with a garnishment.

"When we spoke with collectors, it was clear the industry was stuck in the past - some agencies still used pen and paper, and the most advanced relied on basic CRMs."

Rufus and his colleagues created test accounts for simulations, unknowingly leading to a scenario where a test account received collection notices for unpaid debts.

Despite Haringey Council's three-year-old ethical debt reduction policy, referrals to bailiffs for unpaid council tax have surged, reflecting systemic issues in the enforcement process.