Extra Credit

Late Fees as a Collection Strategy

March 24, 2023 NACM Episode 50
Late Fees as a Collection Strategy
Extra Credit
More Info
Extra Credit
Late Fees as a Collection Strategy
Mar 24, 2023 Episode 50
NACM

Credit professionals have reported an increase in payment delays as customers feel the pressure of inflation, supply chain issues and overarching economic volatility. Now is the time for credit professionals to remind customers of any late fee or interest rate policies to encourage timely payments.

Show Notes

Credit professionals have reported an increase in payment delays as customers feel the pressure of inflation, supply chain issues and overarching economic volatility. Now is the time for credit professionals to remind customers of any late fee or interest rate policies to encourage timely payments.