Phone and internet customers reveal debt trouble with telco companies during pandemic

Phone and internet customers say they are being disconnected, harassed by debt collectors and generally treated harshly by their telco providers when they need help, negatively impacting mental health.

The Consumer Action Law Centre has released a report detailing stories of people struggling to pay their phone and internet bills, with some fearing homelessness due to losing their job during the pandemic.

Despite a federal moratorium on evictions and banks allowing mortgage repayments to be deferred during the pandemic, debt collectors have continued to contact telco customers demanding repayments.

James* was one of those customers.

The 23-year-old lives in Melbourne and identifies as Aboriginal. He’s studying for a Cert III and receives JobSeeker and the Mobility Allowance for his disability.

He was contacted by debt collectors for multiple debts, including for a buy-now-pay-later purchase, a payday loan, a consumer lease and a Telstra debt of nearly $3,000 from three years

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Global Debt Collection Software Market Trends, Report Research, Top Key Players, Development, Growth, Share Forecast Till 2027

The MarketWatch News Department was not involved in the creation of this content.

Nov 11, 2020 (The Expresswire) —
Fortune Business Insights offers a detailed overview of the global market in a report, titledDebt Collection Software Market Insights is designed to streamline the debt recovery process that helps in smooth debt collection software market. It assists debt collector organizations in managing workflow, complying with government regulations and online payment collection. The debt collection software handles every step of the loan recovery process that starts with gathering complete data of borrower, send overdue invoice reminders, follow up with phone calls, and manage debt collection. It also helps banking organizations to improve their productivity by automating the complete work related to debt collection. Additionally, the increasing need to reduce time and cost associated with the manual debt recovery process among financial organizations as well as the growing need to provide customer-centric

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Europe Debt Collection Software Market Set to Grow $2.23 Billion by 2027: Says AMR

The MarketWatch News Department was not involved in the creation of this content.

Portland, Nov 04, 2020 (GLOBE NEWSWIRE via COMTEX) —
Portland, Nov. 04, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the Europe debt collection software market was estimated at $961.27 million in 2019 and is expected to hit $2.23 billion by 2027, registering a CAGR of 11.1% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Increase in demand for controlling & automating debt, improvement in recovery process and enhancement in productivity of debt collections, and rise in Omni channel debt collection services drive the growth of the Europe debt collection software market. On the other hand, difficulties in tracking & reconciling of accounts and high implementation cost of the

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Europe Debt Collection Software Market Set to Grow $2.23 Billion by 2027: Says AMR – Press Release

Portland, Nov. 04, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the Europe debt collection software market was estimated at $961.27 million in 2019 and is expected to hit $2.23 billion by 2027, registering a CAGR of 11.1% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Increase in demand for controlling & automating debt, improvement in recovery process and enhancement in productivity of debt collections, and rise in Omni channel debt collection services drive the growth of the Europe debt collection software market. On the other hand, difficulties in tracking & reconciling of accounts and high implementation cost of the debt collection software curtail down the growth to certain extent. However, increase in advance technologies, rise in demand for mobile applications that

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Digital Lender FlexiLoans Raises INR 150 Cr Through A Mix of Equity and Debt

The startup raised the funding from Falguni and Sanjay Nayar Family Office and will utilize it to scale up its micro SME lending

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Digital lending startup FlexiLoans on Wednesday announced it has raised INR 150 crore through a mix of equity and debt lines. The fund has been raised from Falguni and Sanjay Nayar Family Office.

With the current funding, the Mumbai-based startup has raised INR 500 crore in a mix of both equity and debt since its inception in 2016 and banking relationships with over 13 financial institutions.

The startup will utilize the fresh capital infusion in scaling its micro SME lending and has significant alliance partnerships that will be announced this quarter by offering lending products. The startup

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The Debt Cruncher – Will Leo Quinn’s Software Program Work For You?

In this article, we’ll be discussing the popular software program, The Debt Cruncher. It is currently being offered by Leo J. Quinn, author of the best-selling financial program How to Own Your Paycheck Again. We’re going to talk about who developed it, why you might need it, and how it works. Read this independent review and find out if it will work for you.

The Debt Cruncher software was developed by Leo J. Quinn, a financial expert who created a downloadable eBook titled, How to Own Your Paycheck Again. The software is part of a financial package that shows you how to get completely out of debt, including your mortgage, in under 10 years. It is designed for you to know the date that you’ll be completely debt-free of credit card payments, car payments, and even your house payment. It will work on both Windows and Mac computers.

The software … Read More