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By Bridgeforce - Collections: Determine Readiness in COVID-19
We’ve all heard it before: the coronavirus pandemic has created an economic disruption on a scale like no other. In real time, we are experiencing the next big economic downturn. For many Americans, income has been shorted while payments continue to pile up. What are your debt collections plans for the 11% of Americans who have recently lost their jobs and may need assistance to prevent default on their loans? If your answer doesn’t enable digital technologies, you may be behind when the dust settles. In this blog from Bridgeforce industry experts, we explain why your collections strategy will need a digital tune-up to handle regulatory uncertainty, economic unknown and increased volumes. Read here to take action on our three steps.