Debt Recovery Strategies for Different Types of Debt
I. Introduction A. Explanation of debt recovery in India Debt recovery refers to the process of collecting overdue payments from individuals or businesses who have failed to repay their debts. In India, the legal framework
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The Ultimate Guide to Debt Relief Options
Debt can be a major source of stress and worry for many people. Whether it’s credit card debt, student loans, medical bills, or other forms of debt, the burden of unpaid bills can be overwhelming.
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Pros and Cons of Debt Settlement
I. Introduction A. Explanation of debt settlement Debt settlement is a process where a borrower negotiates with their creditors to settle their debts for less than the full amount owed. In a debt settlement, the
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The Impact of Debt on Your Credit Score and How to Improve It
In today’s world, credit scores play a critical role in our financial lives. Your credit score is a numerical representation of your creditworthiness. It affects your ability to obtain credit. Examples of credit include loans,
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Effective strategies for debt collection and accounts receivable management for banks and NBFCs
Debt collection and accounts receivable management are critical aspects of banking and non-banking financial institutions’ operations. Effective management of these functions can significantly impact an organization’s financial health and growth prospects. However, with the increasing
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Non-Performing Assets: Understanding the Impact and Strategies for Effective Management
I. Introduction Non-performing assets (NPAs) are a major concern for banks, especially during economic turbulence. Banks classify loans as NPAs when borrowers fail to repay their loans or interest. NPAs not only impact the financial
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Guide to Online Arbitration
What is Online Arbitration? Online arbitration, also known as e-arbitration or virtual arbitration, is a process of resolving legal disputes that takes place entirely online, without the need for parties to meet in person. In
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Cheque Bounce Intimation Failure: What Happens Next and How to Avoid It
1. Introduction Cheques are a widely accepted mode of payment in business transactions. But sometimes, they can bounce due to insufficient funds, signature mismatch or other reasons. It is crucial to understand what happens when
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