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Good News, Bad News: Credit and Collections

BY Brett Boehm
August 02, 2015

The robust economy's low default rate has many creditors rethinking their collections practices and capabilities. But what should be their strategy for when the good times end?

Since emerging from the recession in 2009, lenders have enjoyed a nearly unprecedented opportunity to add new deals to their portfolios of loans and leases. Meeting the recovering and expanding demands for equipment has meant financing opportunities have been abundant.

While at face value, an expanding economy is almost always a cause for celebration, lenders today are finding today's strong growth can present its own unique challenges. Many are finding trends developing that must be recognized and planned for now ' before the inevitable change in the business climate occurs.

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