Debt Collection Strategies That Do Not Annoy Customers 

Jeffery

May 12, 2021

debt mangement

Debt collection and recovery are modernizing at an unprecedented rate. No matter where your organization might be located, debt collection has changed considerably over the past few years. However, with so much change, it is still crucial that you do not annoy customers. This post shares some of the top tips that will help you develop the perfect debt collection strategies that do not annoy customers but improve customer service reputation.

Omnichannel Communications

One of the best debt collection strategies that will help you positively impact customers is omnichannel communications. It offers a holistic approach to contacting debtors. It is the ultimate strategy because it ensures that communication is seamless, complementary, and consistent. It means that customers would be more than likely to respond to your efforts in the desired manner. 

Unlike traditional communication methods that involve the placement of phone calls and the delivery of letters, customers today find such methods to be outright annoying and disruptive. Besides, letters can easily be missed, which would only lead to debts remaining unpaid. On the other hand, an omnichannel approach would improve the way you communicate.

According to a study conducted by Com Score, it was revealed that about 50 percent of customers rely entirely on their smartphones when it comes to handling banking needs. The statistic reveals that customers are a lot more comfortable using their mobile device to take care of their financial requirements. Therefore, an omnichannel debt collection is the best way forward as it involves the use of live chat, email, and text messaging to receive the desired response. Customers are more familiar with these channels and prefer the control they have over them.

Ensure Data Is Updated

Next, you need to make sure that the customer data is updated. Otherwise, it would leave the wrong impression on customers. When you develop a debt collection strategy that does not annoy customers, you must create an accurate and up-to-date strategy. For instance, if you reach out to a customer who has already made a payment, it would jeopardize your relationship. This is why you need to utilize debt collection software to keep data updated.

Focus on the Individual

Another debt collection strategy that customers will not find annoying is when you focus on each customer individually. To treat every customer as an individual, you need to understand why they have made a late payment. This is where machine learning and artificial learning come in handy. It recognizes patterns and predicts future outcomes. Besides, you can use it to provide customers with a highly personalized experience.

Consider Your Timing

Finally, it would help if you also consider your timing. Find out which time is preferred by each customer and only contact them during that time. Generally, you should never contact customers late at night or during the weekend as they would want to relax during that time or might be just too busy.

Conclusion: If you’ve been in debt collection for any amount of time, the practices have likely changed dramatically. It doesn’t matter where your organization might be located – debt collection has changed considerably over the past few years. This post shares some top tips to help you develop strategies that do not annoy customers but improve customer service reputation and build loyalty. Do you need help with a difficult situation? Call us at 1-888-958-1381 or visit our website, www.omninola.com, for more information on how we can assist!

How to create Press-1 campaign2021-05-31T22:42:53-04:00

At NOLA AUTOMATION, we know you are busy and time is valuable. We appreciate your time, so thank you for not making us wait on hold to speak with a representative… we digress 🙂

  • Type Multiple
  • Broadcast Type – Voice
  • Voice Type – Mp3 or Text to Speech
  • Select transfer Number, then continue
Do I need freight broker software CRM to run my brokerage business?2021-06-05T01:34:25-04:00

Answer: The short answer is YES; if you intend on being effective, you will require some program to manage your freight brokerage organization. Many people who succeed at their freight brokerage recognize extremely early the worth of having an easy-to-use system for effectively handling their client’s freight, invoicing customers, and paying providers. In 2021 you should check out more a streamlined omnichannel solution that also offers phone, email, SMS, ringless, video, interactive IVR, and more to help automate your brokerage business; To learn more on how NOLA can help you with your freight brokerage firm reach out to us. 

What is a softphone? How does it work?2021-05-23T12:43:29-04:00

Sip softphone; What is a softphone? How does it work? SIP Phone uses the Open Standard “SIP” to set up and manage phone calls. IP-based network or “RTP . “

So, What is a softphone?

A Softphone is a software-based application that is typically readily available as an application on your smart device or COMPUTER. It is primarily utilized as the primary phone or an expansion of a desk phone.

Softphones have actually ended up being an extra prominent service to remote employees as it gets rid of the requirement to bring a physical phone with you when you function offsite. It is likewise a much more hassle-free and effective option to link onsite and offsite employees.

Exactly how Does a Softphone Work?

There are 2 primary types of softphones: Desktop softphones and also mobile softphones.

Desktop computer softphones enable individuals to accessibility UC includes right from their computer systems without a desk phone. Just download and install a devoted application from your computer system; attributes like conversations, aesthetic voicemail, file sharing, and extra will certainly be readily available to you.

What is Collection Technology?2021-05-16T23:02:39-04:00

NOLA AUTOMATION specializes in collection technology; we originally built NOLA for the debt collection and legal collection industry. Now we expend our software & services for all sectors & businesses all over the world. Business to People to Business

Go to Top