Late Fees as a Collection Strategy

from Extra Credit · host NACM

Tell us what you love about Extra Credit and what topics you want covered!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.Connect with us on LinkedIn: @Nacm-National @FCIB

What this episode covers

Tell us what you love about Extra Credit and what topics you want covered! 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. Connect with us on LinkedIn: @Nacm-National @FCIB

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Late Fees as a Collection Strategy

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This episode is 6 minutes long.

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This episode was published on March 24, 2023.

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