How do you handle collection categories? Is it a mixed portfolio or sector-wise?

Question

Accepted Answer

Handle collection category by analyzing mix portfolio or sector wise.

Analyze the portfolio and categorize the collections accordingly
Create a strategy for each category to maximize recovery
Assign dedicated teams for each category to ensure efficient collection
Regularly review and update the categorization based on performance
Example: For a mix portfolio, categorize collections based on age, amount, and type of debt. For a sector-wise portfolio, categorize collections based on the industry and the creditworthiness of the debtors.

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