JULY 1, 2024                                                                                                                                           VOL. 30
 RAISING THE BAR  
The latest news and updates from General Bar
Technical debt is the result of investment made in technology alongside the expected lifespan of that technology coupled with the dramatic pace of technology change and improvement.

When technology investment is made in a reactive fashion or doubles down on how we've always done things, the negative impact of that debt rears its head earlier while being almost impossible to address with any level of fiscal responsibility. While many believe technical debt refers solely to subpar software coding delivery, in reality, technical debt encompasses everything from code and applications to physical hardware. Data is seen as the backbone of the collections business. Ninety five percent of small business owners in the United States report using at least one type of technology platform in the running of their business. From small business to large, the impact of technology facilitates impact efficiency, demand and survivability.*

The General Bar is proud to partner with Abstrakt. Abstrakt is a call center platform that guides agents in real-time, eliminates subjectivity, and automates QA on every call. Remove uncertainty on calls and give your agents the power of real-time. Plus, Abstrakt works directly within your existing ecosystem of tools to help you improve efficiency and grow your business.
COLLECTION RELATED NEWS

DEBT SADDLED LAOS TURNS TO DEFERRALS AS REPAYMENTS NEARLY DOUBLE

FTC WARNS OF FAKE STUDENT LOAN DEBT RELIEF COMPANIES 

MICHAEL JACKSON DIED WITH $500 MILLION IN DEBT

FRENCH DEBT RISK PREMIUM FALLS FROM HIGH AFTER VOTE

NORTH CAROLINA IS INCENTIVIZING HOSPITALS TO RELIEVE PATIENTS MEDICAL DEBT

RISING GOVERNMENT DEBT THREATENS FINANCIAL STABILITY

AMERICANS PLAN TO TAKE ON DEBT FOR SUMMER TRAVEL
Upcoming Event IACC Mid-Year Conference July 19-21, 2024 Hilton San Diego Bayfront
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*Paige Francis Forbes
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