Infographic: The Payment Delinquencies Roadmap

InvoiceCloud Team

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.

Related Articles

Webinar Recap: Encouraging Check Writers to Adopt Digital Payments

In this fast-paced, digital age, it’s interesting to see how some people still hold on to their time-honored habits….

3 Strategies for Preventing Delinquent Premium Payments

One of the most prominent reasons insurance carriers lose policies is due to late or delinquent premium payments. Besides…

3 Strategies for Reducing Delinquent Utility Payments

Energy service providers across the U.S. are struggling with the consequences of late and delinquent utility payments, while service…