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 ...

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 ...

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 ...

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 ...

For many universities and student accommodation providers, student debt is the quiet drain on budgets that delays projects and squeezes student services. Fees that remain unpaid for more than 90 days ...

When businesses face financial turmoil, they often find themselves at a crossroads. The weight of mounting debts, unmanageable cash flow issues, and the pressure from creditors can quickly lead a ...

MUMBAI (Reuters) - The Reserve Bank of India (RBI) said on Thursday it would focus on the monitoring of banks' asset quality and help improve the poor debt recovery process in the country, underlining ...