Remove the debtor's name from credit protection services

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Once the agreement has been reached and at least part of the payment has been made, the company must also do its part and request that the consumer's name be removed from the debtor registry.

And this concern prevents a series of headaches for the entrepreneur, since honduras phone number list the consumer's name in the negative after payment can result in fines and lawsuits.

Conversely, if the agreement is breached by the customer, their name can be included back in these records without any problems.

Run renegotiation campaigns
For those who want to increase the number of renegotiations and close more debt agreements, a good strategy is to carry out renegotiation campaigns, especially close to festive dates, such as Christmas.

To be effective, contact your defaulting customer base and promote the advantages of reaching an agreement to settle the debt. In addition to receiving at least part of the debt back, you encourage the consumer to start spending again, which is positive for your cash flow.

What are the benefits of this strategy?
Ultimately, seeking out delinquent customers to negotiate their debts brings benefits to both parties. By taking this approach, the company can better manage its delinquency rate , gain access to resources that strengthen its cash flow, and even reestablish trust with consumers, ensuring a healthier relationship that, in the future, can be converted into new sales.

Consumers who settle their debts regain access to credit, since their name is removed from credit protection services, and can obtain discounts on interest and fines that increase the debt. All of this allows them to regularize their situation and have a more peaceful financial life.