Bad debt recovery
What is bad debt recovery? Bad debt recovery represents different loans and delinquent payments, deriving from past-due consumer and commercial debts. Bad debts are usually connected with a loss, when they are marked as written-off in creditor’s system. Logically, debt recovery is marked as a positive income, and increase of cash flow in lender’s organisation. Default recovery can be provided by a standard debt collection agency, or performed by debt buyers, when they become the new debt owners.