Preferences and attitudes towards debt collection: A cross-generational study.

This representative survey analyses for the first time which payment methods, communication channels, and times young adults prefer for debt collection.

Preferences and attitudes towards debt collection: A cross-generational study.

What's behind it:

Consumer preferences are influenced by individual differences, especially age.
Young people have a more positive attitude towards debt collection.
Just under half of respondents have already missed paying a bill.
Popularity of payment methods, communication channels and contact times in different age groups.

"We observed a change in attitude among younger consumers, who are more open about their debts than older generations."

Prof. Dr. Minou Goetze
Prof. Dr. Minou Goetze
Professor for Decision Making & Cognitive Science
Fresenius University

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