How to Settle Credit Card Debt: 5 Effective Solutions for Lenders
Credit card debt is the third leading cause of debt collection complaints according to Consumer Financial Protection Bureau. This is concerning for lenders as more complaints indicate delayed debt recovery. It could lead to reduced fund inflow which negatively...
The Strategic Role of Back Office Outsourcing
According to Statista, consumers are increasingly searching for business process outsourcing companies that provide various services, especially back-office operations. Back-office outsourcing refers to the practice of contracting a third-party company to handle the...
What Lenders Must Know About Rising Auto Loan Delinquencies
Auto loan delinquencies in the United States are on the rise, reaching levels not seen in over a decade. Recent data from the Federal Reserve Bank of New York indicates that 7.7% of car loans transitioned into delinquency in the fourth quarter of 2023, marking the...
Recent Comments