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How to Settle Credit Card Debt: 5 Effective Solutions for Lenders

How to Settle Credit Card Debt: 5 Effective Solutions for Lenders

by Harikrishnan E N | Nov 7, 2024 | Blog

Credit card debt is the third leading cause of debt collection complaints according to  Consumer Financial Protection Bureau. This is concerning for lenders as more complaints indicate delayed debt recovery. It could lead to reduced fund inflow which negatively...

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    RMAI Consumer Resources
    This resource provided by the Receivables Management Association International (RMAI) provides information and tools to help consumers make informed financial decisions. take control of their finances, defend against fraud and deception, and more. The calculators section includes valuable tools for estimating retirement, planning debt payoff, building savings, and budgeting. There are also steps for managing finances amidst economic inflation.

    First Credit Services is an omnichannel debt collection agency and BPO company that specializes in accounts receivables management and customer service outsourcing. We have over 25 years of compliant collections and receivables management experience.

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