MarketsandMarkets forecasts the debt collection software market to grow from USD 2.64 billion in 2018 to USD 3.73 million by 2023, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.

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Debt collection is the procedure of tracking payments of debts owed by businesses or individuals. A business that focuses in debt collection is called as a debt collector. Debt collection software offers customers a convenient and secure payment process. Most companies use email, phone, mobile consumer portals, and interactive text messages (SMS) to get in touch with their customers. With the help of debt collection software, companies help their customers to solve their debt challenges. ... Read more

Debt collection is the procedure of tracking payments of debts owed by businesses or individuals. A business that focuses in debt collection is called as a debt collector. Debt collection software offers customers a convenient and secure payment process. Most companies use email, phone, mobile consumer portals, and interactive text messages (SMS) to get in touch with their customers. With the help of debt collection software, companies help their customers to solve their debt challenges. ... Read more