Auto loan delinquency occurs when a borrower fails to make timely payments on their auto loan. Typically, auto loans have a set monthly payment schedule, and when a borrower misses one or more payments, they become delinquent. Managing and controlling auto loan...
Are you struggling to collect on defaulted loans? Are your borrowers skipping town? Imagine lending money for a car purchase and the borrower stops making payments. You might assume that repossessing the car is the next logical step. But what if you can’t find...
According to a report published by the Kaiser Family Foundation, Americans owe at least $220 billion in medical debt. In the United States, approximately 14 million people have medical debt exceeding $1,000, and approximately 3 million have debt exceeding $10,000. The...
According to Statista, the number of fitness businesses in the United States saw an increase from 2022 to 2023, with over 115,000 businesses operating in 2023. The gym and health club industry is estimated to generate a total revenue of $88.5 billion in 2024. Being a...
According to a report by the Federal Reserve, household debt in the United States surged to an all-time high of $16.90 trillion during the period from October to December the previous year, marking the largest quarterly rise in two decades. With the increasing debt,...
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...
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