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 what are some of the most common reasons for delinquent bill payments and possible solutions for overcoming these roadblocks.