FICO® Collection Scores
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FICO® Collection Scores

FICO Collection Scores provide a quick, cost-effective way for collectors to use analytics to prioritize accounts and determine the appropriate treatment for each account. These scores predict the likelihood that accounts will roll from cycles 1 or 2 to cycle 3, and forecast the expected collection amount for cycle 3+ accounts.
Key Benefits
  • Boost collections performance by up to 20%
    FICO Collection Scores tell you which accounts to work first. In the early stages of collections, you can select the accounts most likely to roll to cycle 3, and in cycle 3+ you can determine which accounts will repay the most — not just which accounts owe you the most. FICO Collection Scores have been shown to boost collection performance by 15-20%.
  • Identify the right treatment for accounts
    Knowing the likelihood accounts will roll or repay can help you determine when and how to start working each account, and can help you avoid actions that will alienate your profitable customers.
  • Deploy quickly for rapid ROI
    These scores are available for quick implementation, without the need to collect and analyze data. This makes them a cost-effective alternative to custom models, and a good way to start with collection scoring before moving to the increased power of FICO® Custom Collection Models. Clients using FICO® Debt Manager™ solution 7 can "drag and drop" FICO Collection Scores into decision strategies instantly.
Feature Highlights
  • Account prioritization 
    FICO Collection Scores assign each delinquent account a number, and these numbers rank-order accounts. For cycle 1 and 2 accounts, scores tell you the likelihood of accounts rolling to cycle 3. For cycle 3 accounts, the scores rank-order accounts by their expected collection amount.
  • Advanced predictive power 
    FICO Collection Scores leverage our extensive experience in analytics for credit and collections. Some 70% of post-charge-off US consumer debt is processed by Fair Isaac solutions, and we offer solutions for the full distressed debt lifecycle.
  • Suite of scores for different stages
    The scores are actually a suite (see Versions, below) that maximizes the predictive power for each stage of collections.
  • Pre-developed models for rapid deployment 
    FICO Collection Scores are pre-developed scores, meaning no historical data is required from you to use them. They can be delivered and implemented more quickly, and can be used while you collect data for building custom models.
  • Available as standalone executable or integrated component 
    FICO Collection Scores can be delivered as a standalone executable or as an integrated component of FICO's end-to-end collections solution, FICO Debt Manager 7.0. In Debt Manager, the scores are available to turn on immediately, giving you the ability to leverage analytics within your organization without the data preparation, model development and implementation constraints typically faced by lenders.
Versions

FICO Collection Scores are available in North America and the UK. The suite of models includes:
  • Cycle 1 Early-stage score
    Rank-orders accounts based on their probability of rolling from cycle 1 to 3 (available for cards and loans)
  • Cycle 2 Early-stage score
    Rank-orders accounts based on their probability of rolling from cycle 2 to 3 (available for cards and loans)
  • Cycle 3 Late-stage score
    Rank-orders accounts based on their expected collection amount (available for cards only)
 

 

Speak with a FICO representative about our solutions and your business needs by calling us:

US (toll free): +1 888 342 6336
International: +44 (0) 207 940 8718

Or email us using the form on this page. We look forward to speaking with you.
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