Consumer habits throughout the pandemic have changed rapidly in almost every
industry, including debt collection. While the onset of the pandemic encouraged some
consumers to save and begin paying back debts, these habits have now shifted. What
exactly are the challenges the repayment industry is facing now and which will likely
continue into 2023?

Consumer habits throughout the pandemic have changed rapidly in almost every industry, including debt collection. While the onset of the pandemic encouraged some consumers to save and begin paying back debts, these habits have now shifted. What exactly are the challenges the repayment industry is facing now and which will likely continue into 2023?

Challenges of Debt Collection 2023

IC System is a privately held accounts receivable management firm founded in 1938 on the principle of ethical collection practices. Now in our third generation of family ownership, our purpose is “Making Collections Better.” This simple statement guides every decision our leaders make and influences every interaction we have with consumers, our clients, our industry, and our community.

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Challenges of Debt Collection 2023

Challenges of Debt Collection 2023