Back-to-Basics: Collections and Recoveries (Part 1)
Collections and Recoveries are the final two stages of the entire credit lifecycle. To understand the collections and recoveries landscape, we also need to understand the process taking place before an account enters collections.
For this reason, we are first going to touch on the various stages of the credit lifecycle preceding Collections and Recoveries, and thereafter spend time on the main subject of this Blog.
In this Part 1, we specifically focus on the first two stages of the credit lifecycle which are Leads and Originations.
