Author: Nahush Dc
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What are the 5 metrics that matter for Debt Collections?
In the world of debt collections, success hinges on efficiency and effectiveness. While chasing down overdue payments might seem straightforward, achieving optimal results requires a data-driven approach. Measuring the right metrics fosters transparency, collaboration, and ultimately, improved Collections performance. This article delves into five key metrics that empower collections teams to collaborate effectively with lending…
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What is Debt Collections? A Simple Guide
Imagine you lend your friend some money, let’s say ₹500, for an important expense. They promise to pay you back in a month. But a month passes, then two, and your friend still hasn’t returned the money. You start to get worried. What do you do? This is where debt collection or debt recovery comes…
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Tech That Speaks Results: Truth beyond the ‘AI’ Obsession in Collections
With ChatGPT leading the conversation as its poster boy – seems like ‘Artificial Intelligence’ has become everyone’s buzzword-of-the-day everyday. However, amidst the AI frenzy, a paradoxical truth emerges: the majority fail to grasp its limitations. Instead, AI has become the in-vogue label, slapped onto everything from toasters to toothbrushes. In this wild, AI-infused ride, we…
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Why is Q4 the best time to evaluate your collection partners?
The festive season is long over but the spending spree hasn’t! Easy access to small loans has fuelled a surge in consumer spending, creating to a ripple effect in the Indian lending landscape. This calls for a strategic move to re-evaluate your Collection Partners this Q4. Before diving in, let’s understand the significant events that…
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Demystifying Debt Collections in India
Debt. It’s a word that can send shivers down anyone’s spine, especially in India where the rise of credit cards, easy loans, and BNPL schemes has made borrowing more accessible than ever. But what happens when those borrowed rupees turn into unpaid dues? Enter the world of debt collection. For many Indians, navigating the world…
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3 Technology trends that will shape the future of Debt Collections
For years, the collections industry has struggled to earn respect. Many shy away from it because they don’t want to be seen as harassing others for a living. It’s often referred to as “the dark side” of lending, known for its disorganisation, lack of transparency, and high-stress environment. Despite its flaws, it plays a crucial…
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DPDzero raises $3.25M from Blume and IndiaQuotient
Credit penetration in India is a serious problem and needs a lot of attention. Without the right infrastructure, extending credit to the unserved and underserved would remain a dream. With this vision to build a robust infrastructure, we have raised $3.25 million in Seed Funding led by Blume Ventures and IndiaQuotient. The round also saw…