Dunning and Debt Collection – History of the Creditor-Debtor Relationship

[nurmohammadkhan]

Dunning , credit collection (or debt collection) and credit recovery : three names that essentially indicate the same relationship , the same operational context and the same process and that identify a reality with immediate and profound consequences on the economy and on people's lives.

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 algeria phone data 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 .