If you’re in the business of issuing credit cards, you assume a certain amount of financial risk. Some customers, if not mindful, can run up large amounts of credit card debt. It is to be expected that some of these same customers will default on their credit card obligations. As a lending institution, you should have systems in place to address and collect this debt owed to you. Failing to do so, your business can suffer great financial losses. It is as simple as that.
View More Improve Your Credit Card Debt Collection Success With These 3 Steps