Could the Recession be good for Debt Collection?

Some people believe a recession is lucrative for the debt collection industry. With a recession comes more late payment of invoices and overdue accounts. On the face of it, people make the assumption that it is boom time for the debt collection sector.
Contrary to popular belief, a recession does not bring any benefits to the debt collection sector at all usually. It certainly does not benefit the Business debt collection field and personal debt collection also becomes more challenging.
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