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With the FCA’s focus on lenders treating the most vulnerable as fairly as possible, issuers could consider expanding their affordability assessments to include existing as well as new credit to proactively identify in advance those who may have paymentissues and offer the most suitable treatment before payments start to be missed.
With the FCA’s focus on lenders treating the most vulnerable as fairly as possible, issuers could consider expanding their affordability assessments to include existing as well as new credit to proactively identify in advance those who may have paymentissues and offer the most suitable treatment before payments start to be missed.
A high turnover ratio indicates that the company collects payments quickly and efficiently, while a low turnover ratio may suggest collection delays, ineffective credit policies, or customer paymentissues. Heres how: Improves cash flow: Faster collections mean more cash on hand for operations, payroll, and growth.
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