The world is in a state of financial chaos right now - energy prices are skyrocketing, interest rates are on the rise, GDP is stagnant, borrowing costs are on the rise and prices are going up.
Most economists think a recession is coming, and with that comes more debt.
In the US, it's no surprise that debt is on the rise - it's already at an all-time high of $312 billion in 2022. In the UK, it's already at a record high of £133.8%. Middle East and Asian countries are also facing huge debt problems - in Thailand, it's now almost 90% of GDP.
Behind the scenes, however, debt collection teams are working ceaselessly to make sure debtors who have been hit hard by financial shocks can pay their bills in a way that works for them – and without falling into bankruptcy.
Download the free eBook and discover everything you’ve ever wanted to know about the top trends in debt collection in 2023 and beyond.