Post by asadul5585 on Feb 22, 2024 6:28:12 GMT 2
Default management is only carried out efficiently when it involves the careful identification of customers who have not yet paid what they owe, personalized treatment directed to each of them and the formulation of a collection policy, for example. This type of control works as one of the basic elements in managing any business and avoids one of the most recurring problems in business administration: reduced cash flow – and accounts in the red at the end of the month! In Brazil, the issue of payments that are not made on time is a warning for businesspeople, because the accumulated number of people with debts and arrears is breaking records week after week. So that your business, whether small, medium or large, does not fall into losses and does not run the risk of disappearing from the market, see below tips for placing the management and monitoring of financial defaults at the top of your priorities. Who owes the most in Brazil? The age group with the most debt in the country is young people aged between 26 and 40, according to the Default and Debt Negotiation Map in Brazil prepared by Serasa at the end of 2022. We think you would like to know this information before continuing reading! Take the opportunity to find out more details about the country's debtors today and then find out what to do so that everyone pays on time. What are the most common reasons for default? The majority of Brazilians default and, therefore, do not pay what they owe to companies or banking institutions in the country because of financial emergencies, lack of control over finances and/or reduction in family income.
Default occurs “in the eyes” of the managers of each business to which consumers owe money and, officially, is controlled and registered by the SPC or Serasa, bodies created in the country specifically for this purpose. What are the types of defaulting customers? There are negligent defaulters who make debts and fail to pay due to lack of income and occasional defaulters, who only have occasional debts for specific reasons, such as an unexpected drop in income. The first are problematic for companies of all sizes and sectors, while the others bring less risk and to deal with any of the profiles the solution is the same: default management. What is default management? When an entrepreneur manages default in his company and, therefore Kuwait Mobile Number List manages defaulting customers, he is looking for ways to keep an eye on these people and communicates with them in different ways so that the debts they have are resolved. paid. Default management, therefore, is the best strategy to reduce the number of people who do not pay what they owe someone or a brand for a product or service purchased. Its objective is to reduce the number of bad payers to zero. Do you want to implement this management? Define risks before anything else! How to define the risk of default? The best way to define default risk is to carry out research on each consumer with Serasa Experian and SPC. As these official bodies continuously analyze the situation of Brazilians, they help entrepreneurs to understand the real extent of everyone's debt level. This will be decisive in understanding whether the consumer is a good payer or not.
Once the risk is defined, it becomes easier to create preventive actions that minimize them. Furthermore, with the customer's financial history in hand, if they have a high credit score – a score that shows that they are good payers – you can offer more products or services in the next contact. Another way to define risk is to analyze the customer's economic capacity and, therefore, evaluate their financial situation, requesting income data to understand whether their earnings support the purchase value and perhaps even adjust the number of installments, define interest in case of delay etc. Once the risks have been defined, it is time to control them. How to control defaulters in 5 steps Among the main actions that are part of default management in companies are detecting who owes debt, classifying these people, determining how they will be charged and monitoring after collection to find out whether they have paid off the debt. Consider defaulters to be anyone whose accounts are overdue by one day or more. Identify the profile of these people, analyzing the amount of debts and the delay time for each of them.
Default occurs “in the eyes” of the managers of each business to which consumers owe money and, officially, is controlled and registered by the SPC or Serasa, bodies created in the country specifically for this purpose. What are the types of defaulting customers? There are negligent defaulters who make debts and fail to pay due to lack of income and occasional defaulters, who only have occasional debts for specific reasons, such as an unexpected drop in income. The first are problematic for companies of all sizes and sectors, while the others bring less risk and to deal with any of the profiles the solution is the same: default management. What is default management? When an entrepreneur manages default in his company and, therefore Kuwait Mobile Number List manages defaulting customers, he is looking for ways to keep an eye on these people and communicates with them in different ways so that the debts they have are resolved. paid. Default management, therefore, is the best strategy to reduce the number of people who do not pay what they owe someone or a brand for a product or service purchased. Its objective is to reduce the number of bad payers to zero. Do you want to implement this management? Define risks before anything else! How to define the risk of default? The best way to define default risk is to carry out research on each consumer with Serasa Experian and SPC. As these official bodies continuously analyze the situation of Brazilians, they help entrepreneurs to understand the real extent of everyone's debt level. This will be decisive in understanding whether the consumer is a good payer or not.
Once the risk is defined, it becomes easier to create preventive actions that minimize them. Furthermore, with the customer's financial history in hand, if they have a high credit score – a score that shows that they are good payers – you can offer more products or services in the next contact. Another way to define risk is to analyze the customer's economic capacity and, therefore, evaluate their financial situation, requesting income data to understand whether their earnings support the purchase value and perhaps even adjust the number of installments, define interest in case of delay etc. Once the risks have been defined, it is time to control them. How to control defaulters in 5 steps Among the main actions that are part of default management in companies are detecting who owes debt, classifying these people, determining how they will be charged and monitoring after collection to find out whether they have paid off the debt. Consider defaulters to be anyone whose accounts are overdue by one day or more. Identify the profile of these people, analyzing the amount of debts and the delay time for each of them.