We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While debt management plans are often confused with other types of debt ...

Financial institutions use artificial intelligence (AI) and machine learning (ML) models to reshape debt recovery. Although you probably haven’t noticed any changes yet — these technologies are ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Financial health is crucial to your overall well-being, yet ...

When a debt collector reaches out, it can be unsettling, even if you knew that you'd defaulted on your obligations and were expecting the call. Between the pressure to pay, the perceived urgency of ...

Both Equifax and TransUnion recently rolled out new solutions aimed at helping collection agents get better estimations of potential recovery amounts from delinquent debtors. Both companies launched ...

Most business owners who invoice customers for goods or services will encounter the occasional late payment. However, if a customer’s invoice due date has come and gone and you can’t get a firm answer ...

A councillor has called for more education on Renfrewshire Council’s process for writing off irrecoverable debt as it prepares to wipe out approximately £550,000. The step has been authorised after ...

Aldona Micė has reportedly been appointed as the Head of Risk and Recovery at HeavyFinance. According to an update shared by HeavyFinance, Aldona Micė has been “with farmers through many floods and ...

As we step into 2025, the shadows of economic uncertainty still linger for many of us. With interest rates fluctuating and inflation figures redefining our budgets, it’s crucial to have a clear ...

When businesses face financial turmoil, they often find themselves at a crossroads. The weight of mounting debts, ...