Overdraft Fees Rose 18% In 2022. How Will This Impact Collections In 2023?

Overdraft fees are an early warning sign of potential delinquency. Proactive communication is critical.
Overdraft fees are an early warning sign of potential delinquency. Proactive communication is critical.
After a decline in consumer spending during the pandemic, the end of government relief programs has contributed to an increase in credit card usage – and a rise in delinquencies.
Efficient, easy-to-use software eliminates administrative work while helping managers keep track of member accounts.
In today’s environment, credit unions will need to focus on modernizing their collection operations.
STCU’s financial relief team pulls risk mitigation and member financial wellbeing under the same umbrella with employees who are simultaneously loan underwriters and financial counselors.
Collections strategies should consider the outsourcing of early stage delinquency to experience the cost savings and compliant expertise as the delinquency rate remains uncertain.
The many facets of a tech upgrade can make the process overwhelming. Bridgeforce’s nine-step guide ensures a best-fit solution is chosen.
A scalable solution for outsourcing collections can save up to 50% compared with in-house efforts.
One Idaho cooperative stands out in a rural market dominated by credit unions with a new package of home loans that serve educators and first responders.
Four credit unions share insights from their text messaging initiatives.
Overdraft fees are an early warning sign of potential delinquency. Proactive communication is critical.
After a decline in consumer spending during the pandemic, the end of government relief programs has contributed to an increase in credit card usage – and a rise in delinquencies.
Efficient, easy-to-use software eliminates administrative work while helping managers keep track of member accounts.
In today’s environment, credit unions will need to focus on modernizing their collection operations.
STCU’s financial relief team pulls risk mitigation and member financial wellbeing under the same umbrella with employees who are simultaneously loan underwriters and financial counselors.
Collections strategies should consider the outsourcing of early stage delinquency to experience the cost savings and compliant expertise as the delinquency rate remains uncertain.
The many facets of a tech upgrade can make the process overwhelming. Bridgeforce’s nine-step guide ensures a best-fit solution is chosen.
A scalable solution for outsourcing collections can save up to 50% compared with in-house efforts.
One Idaho cooperative stands out in a rural market dominated by credit unions with a new package of home loans that serve educators and first responders.
Four credit unions share insights from their text messaging initiatives.
Overdraft fees are an early warning sign of potential delinquency. Proactive communication is critical.
After a decline in consumer spending during the pandemic, the end of government relief programs has contributed to an increase in credit card usage – and a rise in delinquencies.
Efficient, easy-to-use software eliminates administrative work while helping managers keep track of member accounts.
In today’s environment, credit unions will need to focus on modernizing their collection operations.
STCU’s financial relief team pulls risk mitigation and member financial wellbeing under the same umbrella with employees who are simultaneously loan underwriters and financial counselors.
Collections strategies should consider the outsourcing of early stage delinquency to experience the cost savings and compliant expertise as the delinquency rate remains uncertain.
The many facets of a tech upgrade can make the process overwhelming. Bridgeforce’s nine-step guide ensures a best-fit solution is chosen.
A scalable solution for outsourcing collections can save up to 50% compared with in-house efforts.
One Idaho cooperative stands out in a rural market dominated by credit unions with a new package of home loans that serve educators and first responders.
Four credit unions share insights from their text messaging initiatives.