New Delhi, Aug. 6 -- Debt collection often carries a negative connotation, frequently associated with pressure tactics or aggressive recovery methods. However, this perception does not reflect the evolved reality of collections in the modern financial ecosystem.
The practice of collections and recovery has undergone a significant transformation, from being viewed merely as a means of recovering overdue payments to becoming an essential component of customer engagement and financial support. It is important to differentiate traditional notions of "Wasooli" from what effective collection truly entails today.
Modern debt collection is not about threatening; it is about understanding, communication, and resolution. Just as businesses have e...
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