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It’s Time For A Collections Reality Check

Money Donuts®

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Navigating Collections: Strategies and Challenges

This chapter delves into the complexities of collections, emphasizing personalized approaches to handling member debts and mitigating credit impact. It explores the importance of early communication with collection specialists and the balance between member needs and regulatory requirements. The chapter also discusses seeking third-party help for debt management, highlighting key considerations and the impact on future financial services.

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