How Do Lenders Handle Delinquent Loans?

How Do Lenders Handle Delinquent Loans?

The Federal Reserve Bank of New York reports that the rate of credit card and auto loan delinquencies continues to increase, surpassing pre-pandemic levels. When a borrower misses a payment on a loan, mortgage, or credit card, it can trigger the delinquency process....
Trends in Debt Collection Outsourcing

Trends in Debt Collection Outsourcing

In recent years, the landscape of consumer finance has undergone significant transformations, leading to an alarming increase in debts across various sectors. According to Gitnux Market Data, approximately 70 million Americans have a debt in collections.  With...