How has COVID-19 Affected Debt Collection Services?

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COVID-19 has impacted many lives, one way or the other. It has not only affected the physical conditions of the people but also destroyed countries’ economic growth. The government has imposed many laws for the prevention of COVID-19.  The prevention laws for COVID-19 have affected the companies and courts, too. The court services were suspended during the COVID-19, therefore, the debt collection dubai companies faced problems. The creditors who have claimed outstanding debt are tense about this situation because the debt collection process becomes slow for them.    Where everyone is affected, the debtors are also affected. They might not pay the exact debt amount due to the business failing in COVID-19. The creditors would not have enough options for debt collection. Therefore, the debt collection Dubai companies must make better plans to ease the debt recovery process for business owners.  Some big companies would make credit transactions to keep up with good and ...