FICO® Collection and Recovery Models

FICO® Collection & Recovery Models

When it comes to managing collection resources, analytics count.

Product Details

How much uncollected money are you leaving behind due to less than optimal collection and recovery scoring tools? FICO® Custom Collection & Recovery Models give lenders and collection agencies the ability to manage debt more effectively.

  • Models help you achieve business objectives and strengthen your ability to compete for payments.
  • Sophisticated predictive analytics, domain expertise and careful customization help determine whether accounts should self-cure or charge-off.
  • Advanced analytics help you to keep pace with evolving industry trends.
  • Models focused on consumer behavior can be quickly updated during periods of rapid change, greatly influencing your ability to collect debt more efficiently.
Collections & Recovery

Predictive power

Collection models are designed to predict outcomes based on a wide variety of factors, including promise and payment history, payment timing, contact channel preference and collector notes.

Segmentation

Models are up to four times more accurate in separating good accounts from bad, which means smarter, more informed decisions based on the likelihood of account delinquency and expected collection amounts.

Focus

Collect and recover more by pinpointing the right accounts and the most profitable actions, continually improving results by learning from performance data.

FICO® Collection and Recovery Models
Use smart automation and analytics to empower collectors, increase productivity and stay compliant, while processing accounts and improving efficiencies like never before.

 

‌  Outdated account management models are replaced with models that are current, valid and effective.

‌  Collection models are updated as needed to reflect current business conditions.

‌  Consumer behavior predictions become the basis for collection decisions.

‌  Collections and recovery improve by focusing on the right accounts and most profitable actions.

‌  Account performance data helps continually improve results.

Resources

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Work Smarter and Collect More Debt with Analytics

It’s estimated that 30 million people in the US alone have one or more debts in collections, and household debt is on the rise. Significant 90-day delinquencies come from credit cards, mortgages (plus associated lines of credit), student l...
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Is Your State Collecting All the Debt It Should?

Most tax and revenue agencies have strong collection operations, anchored by a large, dedicated staff of collectors supported by laws that allow for streamlined enforcement actions. Outside of tax agencies, it’s not uncommon to find depart...
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Retail Alert: How You Collect Debt Impacts Sales

If any portion of your retail sales depends on facilitation by credit, pay more attention to collections. This backend operation, even if outsourced to a third party, is having an increasing impact on retailer front-end operations and top-...
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Collection Agency Management for Telecom — Improving Performance with Analytics and Optimization Hot Topic Q&A

Telecommunications debt collections have continued to evolve in recent years, relying increasingly on external agencies to provide scalability and diversify their collection strategies. Thousands of agencies compete for the attention of te...