How will you handle deliquency

Question

Accepted Answer

To handle delinquency, I would implement proactive measures, establish clear communication channels, offer flexible repayment options, and collaborate with collection agencies if necessary.

Implement proactive measures to prevent delinquency, such as conducting regular credit reviews and monitoring payment patterns.
Establish clear communication channels with borrowers to address any issues or concerns they may have and provide timely reminders for upcoming payments.
Offer flexible repayment options, such as restructuring the loan or adjusting the repayment schedule, to accommodate borrowers facing financial difficulties.
Collaborate with collection agencies if necessary, ensuring compliance with legal and ethical guidelines, to recover overdue payments and minimize losses.
Regularly analyze delinquency trends and identify root causes to develop strategies for reducing delinquency rates in the long term.

Accepted Answer

Just tell them how responsible and serious about your current organisation policy

How will you handle deliquency

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