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Debt collection: a brief historical note

Posted: Sun Jan 12, 2025 4:18 am
by nrumohammad0
“ Dunning ” is the English term that indicates precisely this process, through which the attempt, sometimes destined to fail, to obtain the collection of the credit occurs . Dunning is therefore a technical term, interchangeable with that of credit (or debit) collection .

Debt collection is neither new nor recent, but has its own history that is intertwined with that of the productive, economic and financial activities of companies all over the world. In the Italian case, this history is often told through two figures that exemplify the creditor-debtor relationship , who have symbolically embodied, in different eras, the forms in which a certain type of “national” culture had crystallized: these figures, who have above all a literary dimension, are the godwit and the piantone.

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Debt collection (dunning) is probably one of the oldest professions. As old as algeria phone data the need to borrow money and consume goods or services produced by others. As old as the parallel desire to lend money and sell those products or services.

We can assume with reasonable certainty that the need to collect what was owed to the creditor also arose immediately, within what is already configured as a complete debt relationship . Debt collection agencies are only the most recent evolution of a long series of commercial and legal procedures and regulations designed to protect the creditor, to intervene in the event of non-payment.