PART 2: How to Cure the Post Pandemic “Collections” Symptoms
In PART 1 of this two-part series, we explored how the current socio-economic climate resulting from the lingering financial hangover caused by the pandemic is negatively impacting the consumer’s ability to settle a debt.
PART 1: How to Cure the Post Pandemic “Collections” Symptoms
It has been a year and a half since the first case of the coronavirus (COVID-19) was reported from Wuhan, China. As we move into the third wave of the virus, there is an apparent dilution in both collection and recovery yields in the financial services sector, primarily because relief schemes and packages come to an end.