Collections Firms
Industry studies have shown that billions of dollars are in delinquency at any given time. Unfortunately, credit issuers and debt collectors can expect to retrieve only a fraction of what is owed. Improve your operational efficiencies and increase recovery rates with LexisNexis® Collections Management Solutions. This powerful suite of tools helps you locate and investigate debtors and prioritize your collections efforts. We'll help you make sure that your account information is up-to-date in order to increase right-party contact rates, minimize risk, and maximize recovery. Select capability to learn more:
Locate Debtors
As many as 35% of delinquent debtors move each year. That's why LexisNexis® offers a number of solutions to quickly locate both businesses and individuals. Features include Deep Skip which helps you locate debtors even with old or partial information and Phones Plus which gives you access to more than 98 million numbers that are not included in the Electronic Directory Assistance (EDA), including millions of cell phone and non-published numbers.
Accurint® allows you to find current addresses, unpublished telephone numbers, and even work or business locations; it also gives you access to critical information about property and assets.
SureContact™ is a skip tracing solution that helps you increase right-party contact rates.
Prioritize your accounts
Studies indicate that 50% of all debtor accounts are responsible for 80% of collection payments.
RecoverScore® allows you to focus your efforts on the most collectible accounts in your portfolio. Using advanced data analysis techniques and both public and proprietary information, this powerful tool helps you predict the likelihood of debt recovery as well as the quality of individual accounts.
Screen and monitor your accounts
We offer a variety of tools for streamlining your operations and making sure that your account information is up-to-date. Technologies that can process names by batch—up to 150 million names at one time—or through a customized batching “watchdog” that automatically searches for new information and updates your files.
Banko® helps you automatically discover, monitor, and manage changes in bankruptcy case information.
SurePlacement™ is an account processing tool that allows you to prioritize your portfolio according to customized information filters such as legal standing or asset information.
Screen prospective employees and business partners
LexisNexis® Authentication & Screening solutions help you limit your liabilities while remaining fully compliant with federal and state laws.
LexisNexis® Applicant Screening offers comprehensive verification and analysis of high risk elements like education, financial history, and legal standing for both individual applicants and corporate vendors.
Express Screening is designed for organizations that need fast, easy, and legally compliant pre-employment screening or tenant applicant background checks.
Vendor Screening is a cost-effective way to evaluate the risks associated with prospective business partners. This easy-to-use tool evaluates businesses’ financial history, legal standing, and performance records.
How can we help your company? For more information about our solutions call (800) 869-0751 or email us now
