2021: The Credit and Loan Collections Future

The crisis  brought about by the ongoing pandemic has been transforming the way people do business, how they structure their lives, and already, 2021 is proving to be the year of the future. LoanCirrus, our cloud-based debtor management system, will transform your loan business by enabling it to remotely process and respond to millions of …

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Best Debt Collection Practices

There are several reasons that borrowers become delinquent in their accounts. Ultimately, in the months to come, maintaining a positive customer experience must be a priority, especially in the face of this unique period of credit troubles. Here are a few steps and practices to consider when collecting debts: Be Proactive Rather Than Reactive LoanCirrus integrates …

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Evaluating and Creating Debt Collection Policies

Given the current economic situation caused by the COVID-19 pandemic, logically one can anticipate that there will be a spike in volume— both in terms of new clients interested in borrowing due to financial constraints as well as existing clients who will fall behind in loan repayments. Some individuals and businesses who ordinarily would not …

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Meeting Post-Covid Lending Demands

As the global economy continues to buckle under the pressure and strain caused by the COVID-19 pandemic, many people will turn to alternative lending to offset the impacts. How can you be prepared to meet such demands? Here are a few suggestions: Automate the Loan Process An increased demand for services means that your company …

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How Has COVID-19 Changed Consumer Behaviour in the Financial Sector?

If there is one thing this pandemic has done, it’s making it very clear to businesses that if they are unable to do business without a physical location, they’re not fully taking advantage of digital advancements in their respective fields. For Lenders, in particular, the ability to Lend Without Branches, comes with many benefits: Grow loan portfolio …

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