Dunning and Debt Collection – History of the Creditor-Debtor Relationship
Posted: Mon Jan 06, 2025 5:38 am
Starting from a general definition of debt collection and after having described its main characteristics (historical notes, nature of credit, difference between judicial and extrajudicial), we will provide some contextual information to focus on the phenomenon in the Italian situation of debt collection (dunning) and finally we will mention the way in which the debt collection process has evolved in light of the technological transformation of recent years.
Debt collection ( dunning ) defines everything that helps to identify the honduras whatsapp resource relationship that is established between two parties (a creditor and a debtor ) when the first tries to obtain payment for a debt from the second. All activities that aim at this goal are implemented in the event of non-payment by a debtor, who may be a private individual or a company , for products supplied or services offered by another company or public institution . The implementation of these actions is often delegated to a third party, which is the debt collection agency .
“ Dunning ” is the English term that indicates precisely this process, through which the attempt, sometimes destined to fail, to obtain the collection of the credit occurs . Dunning is therefore a technical term, interchangeable with that of credit (or debit) collection .
Debt collection ( dunning ) defines everything that helps to identify the honduras whatsapp resource relationship that is established between two parties (a creditor and a debtor ) when the first tries to obtain payment for a debt from the second. All activities that aim at this goal are implemented in the event of non-payment by a debtor, who may be a private individual or a company , for products supplied or services offered by another company or public institution . The implementation of these actions is often delegated to a third party, which is the debt collection agency .
“ Dunning ” is the English term that indicates precisely this process, through which the attempt, sometimes destined to fail, to obtain the collection of the credit occurs . Dunning is therefore a technical term, interchangeable with that of credit (or debit) collection .