Increase success and boost profitability with better decision-making.
Debt recovery requires in-depth data and informed strategies. You can waste a lot of time and money when contacts can’t or won’t repay; meanwhile, you miss opportunities to collect on accounts before other collectors beat you to it or bankruptcy is filed. Some collectors don’t realize that determining ability to repay or eligibility for repayment plans is technically part of making a credit decision. Thus, data used in collections decisions falls under Fair Credit Reporting Act (FCRA) regulation. The data you rely on must not only be current and complete, it must also be FCRA-compliant.