What is delinquency ratio at your branch/location and what are the methods to control high delinquency to strengthen portfolio ?

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Accepted Answer

Delinquency ratio at our branch is 5%. Methods to control high delinquency include regular monitoring, early intervention, and offering flexible payment options.

Regularly monitor customer accounts for any signs of delinquency
Implement early intervention strategies such as contacting customers as soon as a payment is missed to understand the reason and offer solutions
Offer flexible payment options to customers facing financial difficulties to prevent further delinquency
Analyze delinquency trends to identify any common factors or issues causing high delinquency rates

What is delinquency ratio at your branch/location and what are the methods to control high delinquency to strengthen portfolio ?

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