Personalizing and Improving Debt Recovery Using Open Source and Cloud Native Technology
Household debt is at a staggering $48 trillion globally with sharp growth in both Norway and China. Effective debt collection ...
Tag: Delinquency
How Community Banks Can Prepare for a Likely Increase in Delinquent Payments
Let’s face it: the pandemic has all but crippled the U.S. economy. Millions of citizens have been left jobless in ...
Credit Card Delinquency, Dementia, and Mental Health
Credit card borrowing is open to all. The Equal Credit Opportunity Act (ECOA) made fair lending the law of the ...
The Delinquencies Are Coming! The Delinquencies Are Coming! Here’s What Credit Unions Should Do about Them
The economy is in a precarious situation due to the pandemic. As COVID-19 continues to spread, some industries—including live events ...
PSCU Partners with Telrock to Offer Next-Generation Delinquency Management Software Platform
PSCU, the nation’s premier payments credit union service organization (CUSO), announced it has entered into an agreement with Telrock to ...
COVID Credit Cardholders: Skipping Payments Becomes the New Normal
The WSJ reports on the wave of consumers falling back on deferments and payment holidays. It is the sign of ...
Credit Cards and Installment Loans: Misery Might Like Company, But I Will Take a Plastic Any Day
Our December 2019 Viewpoint, titled “Credit Card Lenders: Hone Strategies and Do Not Let Fintechs Scare You,” discussed how credit ...
A Coronavirus Solution: Defer Household Debt as the World Gets Back on its Feet
With unemployment claims expected to surge from 281,000 to 2.3 million this week, Forbes reports that sick pay policies and ...
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