Payment delinquencies can cause significant challenges for both payers and billers. For payers, delinquencies can lead to anything from a damaged credit scores to a loss of critical utility services, insurance policies, or even loss of property. Meanwhile, for billers, these late or missing payments can result in a huge drain of resources, increased collection costs, and strained customer relationships.
Take a look through the Payment Delinquencies Roadmap to see the most common reasons for delinquent bill payments and possible solutions for overcoming these roadblocks.
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