Some Interesting Facts in Debt Collecting

“The best way to learn facts is by failing” – unknown 

If you are doing your own business debt collecting, you might be surprised to learn the following facts from the inside debt collecting industry.

  • 20% of your clients/customers  make 80% of your debt collections – this is a well known Pareto Principle.
  • As a creditor, SMS text messages are the preferred way of cash collecting. Continue reading