No one expects to be in financial hardship. But if it happens, are you and your customers prepared? The Australian Financial Security Authoring (AFSA) reported that during the fiscal year 2016-2017, there was a 2.1% year-over-year increase in personal insolvencies from 2015-2016. AFSA also noted the excessive use of credit and unemployment or loss of income continue to top the list of symptoms leading to financial hardship.
If you want to learn more about how you can better manage customers experiencing hardship, please join us at the ARCA conference on 8 November.
Katabat is the leading provider of debt collections software to banks, agencies, and alternative lenders. Founded in 2006 and led by a diverse team of lending executives and leading software engineers, Katabat pioneered digital collections and has led the industry ever since. It is our mission to provide the best credit collections software in the market and solve debt resolution from the perspectives of both lenders and borrowers.
More from Katabat