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DEBT COLLECTION INDIA: NEW TRENDS IN 2023

MNS Credit Management Group

The Debt collections business is primed for even greater transformation in 2022, which should come as no surprise. The latest modification to Reg F, lenders’ digital-first strategy to engaging with consumers, and the improving economy are all going to make things more difficult for third-party collectors.

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The Nine Essentials of a Successful Collection Call

Your Virtual Credit Manager

Most of the collectors seemed relieved I was cooperating and accepted my initial offer. In fact, there was only one collector that tried to collect everything owed, and I was able to get them to accept three payments over the next five weeks. If not, you are probably not collecting all you should.

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