A friend, Joe, who works with a bank at their credit card department, told me that he is like a debt collector now with so many of clients defaulting on credit card balances. Many people have the bad habit of not settling their credit card balances in full every month and the problem starts when they lose their job or involved in an emergency and they find that unlike previous months, they have no more money on hand to settle their credit card bills after receiving their pay check and
Joe told me that if this trend continues, he would have to propose to his management to outsource the task of collecting debt to Collection Agencies due to the sheer volume of defaulters. It is already very difficult to handle right now since he has to do his regular work. In fact, chasing after defaulters has taken so much time that he could not concentrate on his real work, something that he loves doing and excel in!
I say, Joe should just let his superiors know about this now so that they could start with the outsourcing right now? Why wait and waste human resources? Debt collection could be a very long process especially when defaulters refuse to pay up!
Joe told me that if this trend continues, he would have to propose to his management to outsource the task of collecting debt to Collection Agencies due to the sheer volume of defaulters. It is already very difficult to handle right now since he has to do his regular work. In fact, chasing after defaulters has taken so much time that he could not concentrate on his real work, something that he loves doing and excel in!
I say, Joe should just let his superiors know about this now so that they could start with the outsourcing right now? Why wait and waste human resources? Debt collection could be a very long process especially when defaulters refuse to pay up!
0 comments:
Post a Comment