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Video: Three Popular Misconceptions About Collections

When it comes to collections and analytics, there are a lot of funny ideas out there. See if any of these ring a bell:

  • If I’m using a score to make decisions, it’s good enough on its own.
  • If I apply more resources to a case, I’ll collect more.
  • Analytics are too expensive, and I don’t get a return on my investment.
Sound familiar? At FICO, we have heard these statements again and again from collectors.

Watch my new video to hear me discuss the facts and myths behind these popular misconceptions about collections.

 

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