Collection Insights Debt Recovery Solution
Please visit Equifax.com for more information about these products.
CSC's Collection Insights provides a monitoring system that combines the strength of industry-leading contact data (sourced from FirstSearch™ by Equifax®) with relevant credit-based event triggers for debt recovery.
Prioritize Debt Recovery Efforts for Maximum Effect
With Collection Insights, you can better prioritize your collections queue by allocating resources to only those active and dormant accounts that have new contact information or that demonstrate a recently improved ability to pay.
Collection Insights helps collectors manage their ever-increasing placement volumes. The current economic downturn has caused accounts receivables turnover to slow at the same time that collectors have suffered headcount reductions. With fewer staff to handle a higher volume of accounts, collectors need smart technology to maximize debt recovery efforts. Collection Insights provides a cost-efficient way to segment and prioritize these unacceptably outstanding debts.
Instead of Selling Receivables Portfolios, Improve Your Focus
Collection Insights also provides a viable alternative to selling debt portfolios for pennies on the dollar. In an era when accounts receivables portfolio pricing has been declining substantially, implementing a successful monitoring program can improve your return on investment on managing a portfolio in house.
Collection Insights can improve return when used before debt placement with third-party collectors. Or it can help you maximize the efficiencies of your debt collections agencies by helping to direct them to the consumers with most potential to pay.
Access the Most Up-to-Date Contact Data
Collection Insights harnesses the power of FirstSearch by Equifax,a front-end skip-trace tool designed specifically for collection professionals. FirstSearch returns new location information from various proprietary sources that are among the first be notified when a consumer has moved or requested service associated with a physical address — providing the freshest possible contact information available on delinquent debtors. With 4 million daily updates from unique and proprietary data sources, FirstSearch is a powerful database for Collection Insights.
