Top 9 Collection Industry Predictions for 2019

Editor's Note: This article previously appeared on the Ontario Systems Blog and is republished here with permission.

No one has a crystal ball, but some people have more experience reading tea leaves than others. As we ring in the new year, let’s see how close I come with my 2019 ARM industry predictions.

1. Consumer debt will continue to rise during the first quarter as the U.S. slips into a recession. Many believe the Federal Reserve will be forced to halt any rate hikes and could even lower interest rates to stop the recession. ARM professionals should brace themselves for increased charge offs and in turn increased inventory of debt less than 36 months old.

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