Perhaps, the main reason why we shifted our focus from collectors to consumers is that consumers may be misunderstanding some aspects of the collection process, which, in turn, may complicate collections for collectors.
Choosing a lending software provider is a more delicate task than it may seem at first glance. You need to make sure you cover bases on each important aspect to make the right decision.
Small businesses and startups often turn to banks to get funding as the starting capital. However, traditional funding is expensive, and approval rates are low.
Who knows, maybe the final goal of digital collections is to replace traditional contact methods like phone calls and text messages completely.