FirstSearch Debt Recovery Solution
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While consumer debt is hitting an all-time high, cost-effective, expeditious tools to find debtors and improve return on debt recovery efforts have been harder to come by. Until now. FirstSearch™ by Equifax® is a unique solution designed to help you maximize effectiveness while reducing your costs. FirstSearch delivers the highest percentage of right point of contact results among skip-tracing tools.
A Skip-Tracing Tool Unlike Any Other
A front-end skip-trace tool designed specifically for collection professionals, FirstSearch returns new location information from various proprietary sources who are among the first to know when a consumer has moved or requested service associated with a physical address — providing the freshest possible contact information available on delinquent debtors. FirstSearch will help you:
- Increase recovery rates by locating hard-to-find individuals before other collection entities make contact. FirstSearch accesses unique, previously untapped data sources on billions of consumers daily to deliver the right point of contact a high percentage of the time.
- Expedite locate processes by accessing unique, current consumer contact data. FirstSearch returns contact data elements including, possible cell phone numbers, previous and current addresses, published phone numbers, social security numbers, and more.
- Streamline collection processes and realize greater efficiencies with simplified access to multiple sources of contact data
- Decrease costs by paying only when contact data is delivered
Portfolio Monitoring
FirstSearch with Portfolio Monitoring continuously monitors your collections portfolio for name changes, new addresses and telephone numbers on those consumers who are hard to find due to unavailable, inaccurate or outdated information.
With daily updates to our vast and proprietary collections database, you’ll receive contact data as quickly as 24 hours after it’s linked to a consumer or when data on previously unmatched individuals surfaces. Even better, you won’t expend resources, time and money by repeatedly running traces on the same consumers.
