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How to improve collection quality in a technology dominated environment. (Business Credit Selected Topic).

Business Credit

| May 01, 2002 | Mays, John | COPYRIGHT 2002 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Over the past decade, new technology' has greatly improved collection productivity in loan collection operations by increasing the numbers of calls made and allowing collectors to handle large account loads. While these new technologies are important in reducing the cost of collections, the overall quality of the collection call has deteriorated, resulting in upward pressure on credit losses.

BenchMark Consulting International conducted a quality review assessment that consisted of a series of predetermined questions designed to gauge the quality of a loan collection operation. This study has enabled us to identify the apparent paradox between the increase in ...

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Source: HighBeam Research, How to improve collection quality in a technology dominated...

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