Bad debt, or difficult debt as we like to think of it, is one of the realities of doing business. But, if managed well, bad debt can be an opportunity to recover money owed, enhance company reputations and ensure that those defaulting customers are rehabilitated and returned to the economic
DebtManagers believe that regulations surrounding the arrears management industry should be strengthened for greater guidance in what is a critical part of the economic cycle. Any new set of regulations should be comprehensive and provide more consistency across both private and public sectors, and be in line with global best
The global economic landscape is shifting rapidly, and rising debt calls for a new, fairer approach to addressing difficult debt. And by that, we mean more effective yet empathetic debt management strategies. Simply writing-off debt just isn’t good enough, because when you think about it, everyone loses and it is
Companies now have a choice when considering how best to deal with bad debt. Our guide outlines the advantages of selling your entire bad debt book to a debt purchaser and what you can expect to receive in return.
