Debt Collection
by May 7, 2013,
Debt Collection
Reduced budgets, quickly evolving technologies, a weakened economy
and resource constraints are clearly impacting the Public Sector,
but it’s not all doom and gloom. Always with new challenges, come
new opportunities. Government agencies must still effectively run
programs, optimize processes and...read more
by January 22, 2013,
Debt Collection
All skip tracing data is the same, right? Not exactly. While there
are many sources of consumer contact data available to debt
collectors, the quality, freshness, depth and breadth can vary
significantly. Just as importantly, what you ultimately do or don't
do with the data depends on several...read more
by December 20, 2012,
Debt Collection
In my last post, I covered the importance of using quality credit
attributes to gain greater accuracy in risk models. Credit
attributes are also powerful in strengthening the decision process
by providing granular views on consumers based on unique behavior
characteristics. Effective uses include...read more
by October 31, 2012,
Debt Collection
It comes as no surprise to anyone that cell phone usage continues
to rise, while at the same time the usage of wire lines, or what
used to be affectionately known as POTS (Plain Old Telephone
Service), continues to decline. Some recent statistics,
supplied by the CDC show that: 34% of all households...read more
by October 10, 2012,
Debt Collection
Let’s face it, debt collectors often get a bad rap. Sure,
some of it is deserved, but the majority of the nation’s estimated
157,000 collectors strive to do their job in a way that will
satisfy both their employer and the debtor. One way to
improve collector/debtor interaction is for the collector...read more
by October 3, 2012,
Debt Collection
State and local governments responsible for growth may be missing
out on an immediate and sizeable revenue opportunity if their data
and processes for collections are not up to par. The Experian
Public Sector team recently partnered with Governing Magazine
to conduct a nationwide survey with state...read more
by September 10, 2012,
Debt Collection
For more than 20 years, creditors have been using scores in their
lending operations. They use risk models such as the
VantageScore credit score, FICO or others to predict what kind of
risk to expect before making credit-granting decisions. Risk models
like these do a great job of separating the...read more
by July 31, 2012,
Debt Collection
The CFPB, the FTC and other regulatory authorities have been
building up their presence in debt collections. Are you in the line
of fire, or are you already prepared to effectively manage your
riskiest accounts? This year’s collections headlines show an
increased need to manage account risk....read more
by June 12, 2012,
Debt Collection
-by Veronica Herrera Previously, we looked at the various ways a
dual score strategy could help you focus in on an appropriate
lending population. Find your mail-to population with a prospecting
score on top of a risk score; locate the riskiest of all consumers
by layering a bankruptcy score with...read more
by April 3, 2012,
Debt Collection
by Veronica Herrera Last month, I wrote about seeking ways to
ensure growth without increasing risk. This month, I’ll
present a few approaches that use multiple scores to give a more
complete view into a consumer’s true profile. Let’s start with
bankruptcy scores. You use a risk score to capture...read more
