How Does Portfolio Recovery Work?

How Does Portfolio Recovery Work?

Portfolio recovery is the business of purchasing delinquent debt and then attempting to collect the money from the original debtor.  Companies involved in portfolio recovery are known as debt buyers. Portfolio recovery companies acquire large volumes of unpaid...
Trends in Debt Collection Outsourcing

Trends in Debt Collection Outsourcing

In recent years, the landscape of consumer finance has undergone significant transformations, leading to an alarming increase in debts across various sectors. According to Gitnux Market Data, approximately 70 million Americans have a debt in collections.  With...
Top 10 Accounts Receivable Process Improvement Ideas

Top 10 Accounts Receivable Process Improvement Ideas

In today’s fast-paced environment, efficient management of accounts receivable is crucial for the financial stability of an organization. Even if your company is effective at collecting outstanding payments, the duration and effort required for this collection process...