Displaying items by tag: Loan Enforcements
Oct 11, 2015

Loan Enforcement

Debt Enforcement is an additional step banks and lenders use at the end of their Revenue Cycle. When borrower accounts are not resolved, banks and lenders will forward accounts to Debt Enforcement to inspire communication and increase recovery. Debt Enforcement’s resolves accounts if borrowers ignore their past-due loans and avoid contact with billing, collection and your company. Debt Enforcement will file a case with each borrower's local court who will inform borrowers they have a legal obligation to the lender. Debt Enforcement will attempt to contact borrowers to resolve their obligation prior to filing a case and provide every opportunity for borrowers to resolve their account throughout the process.

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