When chasing debtors for collection, there’s no sense investing time and resources if the debtor has no ability to repay what they owe, especially when you have other debtors who do have the means. But how can you know up front which accounts to prioritize for collections?
The LexisNexis® Accurint® for Collections Decisioning Workflow streamlines access to FCRA-regulated data sets and key searches to help you: determine debtor’s ability to repay, evaluate a debtor’s eligibility for repayment plan, recommend payoff amounts, and prioritize accounts to increase collections.
Not every debtor deserves the same level of attention. With the insight gathered from the Decisioning Workflow, you know where to focus your energies to maximize collections.
The Decisioning Workflow delivers compliant data from thousands of proven sources in a concise, rank-ordered output so you can make informed collections decisions. Smarter searches with access to critical consumer details are the key to an efficient collections strategy.
When pursuing debtors who’ve filed bankruptcy, you need to stay abreast of important developments across the lifecycle of the bankruptcy, including filings, assets, dismissals, discharges and other bankruptcy events that affect your ability to collect.
Throughout the process, you need to be mindful of the Automatic Stay, that period of time in which all collection activities must be suspended. Violations could result in you having to pay compensatory damages, reimbursement of the debtor’s attorney fees or punitive damages.
LexisNexis® Banko® Events Monitoring makes it easy to stay on top of key developments while remaining in compliance. It accesses millions of bankruptcy records and combines that information with LexisNexis® advanced data matching and linking technology to generate automatic alerts on over 600 unique bankruptcy-related events. Then you can review only the dockets you need to see and only when you receive notifications.
|Take advantage of recovery opportunities for faster repayment|
| Reduce loss exposure by finding Notice of
Assets and Redemptions sooner
| Minimize errors and omissions caused by manual processing
Stay in compliance with bankruptcy collection regulations
LexisNexis® Banko® Solutions goes hand-in-hand with Banko Events Monitoring to help you stay current with the status of your accounts so you can recover debt. Through data scrubbing and automated notification, you’re able to streamline case management, reduce operational expenses and limit your legal exposure to stay violations.
The Service members Civil Relief Act (SCRA) is intended to ease the economic and legal burdens on military personnel during their active service. Noncompliance could put you at risk of substantial penalties.
LexisNexis® Military Status is a batch collections decisioning FCRA solution that identifies active duty military members, allowing you to set aside military accounts for special handling. It provides the information you need to make smart debtor decisions, support SCRA compliance and keep your collection strategy focused on more productive accounts.
Military Status is designed to help your business:
Streamline skip trace efforts with access to more right-party contactsLearn More
Prioritize collection strategies with streamlined access to FCRA-regulated data setsLearn More
Accelerate bankruptcy case management with automated updates of key eventsLearn More
Discover, monitor, and manage changes in bankruptcy case informationLearn More
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