Banks Prepare for the Wave of Delinquencies and Defaults
The International Monetary Fund warns the U.S. economy could contract almost 6% in 2020. Banks are preparing for “an onslaught of defaults in debt” as consumers endure financial hardship and unfortunately some may become delinquent on payments for the first time in their financial lives.
Financial institutions with the most up-to-date consumer data will be better prepared to make contact efficiently and arrange payment effectively.
In this webinar Neustar dialing optimization experts Adam Russell, Todd Meeks and Wendy Weinhardt discuss proven strategies to help banks prepare for the coming wave of accounts entering delinquencies.