3 ms·
> Credit reporting and collections. This has a loss rate of around 70-80% across the collections industry, which is an extremely strong disincentive to go this
by smallnamespace 2y ago
> Credit reporting and collections.
This has a loss rate of around 70-80% across the collections industry, which is an extremely strong disincentive to go this route since it's just highly inefficient. The high cost of the collections process is a deadweight loss upon all society.