Debt collection lexicon

Here is some further interesting information about debt collection and related topics, as well as detailed explanations of technical terms and tips on what to do if a dunning letter is received. Find out!

Collection service providers who exceed their reputation

The commercial recovery of due receivables is referred to as debt collection. A creditor may appoint a service provider for debt collection once his debtor has defaulted. This usually follows an unsuccessful commercial dunning procedure.

Dunning process: Overview of the dunning procedure and dunning periods

The dunning process is part of a company's receivables management, just like accounts receivable and invoicing are. The dunning process deals with overdue receivables.

Scoring facilitates credit assessment for the granting of loans

Before banks grant loans, they use scoring procedures to check the credit rating of the loan applicants. Scoring models are used for material credit assessment.