FICO® PlacementsPlus® Service

Improve collections account placement efficiencies using the right methodology and technology.

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Overview

FICO® PlacementsPlus® Service

FICO PlacementsPlus Service streamlines the placement and management of contingency accounts within a single user interface. Using the PlacementsPlus service, credit grantors can maintain control over the distribution and management of accounts to their agencies, attorneys, debt buyers and internal recovery departments. The PlacementsPlus service is a unique ASP service that manages the placement of consumer debt and messaging to outside collection agencies. It is the most comprehensive account placement and management system in the industry, allowing users to view data generated as recently as yesterday. FICO PlacementsPlus services is delivered through the FICO® Network. It is not unusual for PlacementsPlus to deliver up to 20% better results than traditional placement methods. Collections performance is finally being recognized as a source of competitive advantage. Do you know where your accounts are being placed, and how they are being worked once they get there?

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FICO PlacementsPlus helped improve recoveries while maintaining high levels of customer satisfaction and regulatory compliance

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Features

Improve collections account placement efficiencies using the right methodology and technology.

Faster recovery

PlacementsPlus assigns debts to your internal recovery group or the most suitable agency or attorney, and supports automatic recall, re-evaluation or replacement.

Less guesswork

With a full reporting suite to analyze and report daily performance, you have full visibility of debt inventory, collection actions, performance benchmarks and financial results for every group you work with.

Optimized placements

By working with the agencies most likely to maximize collections, creditors have seen increases in recovery of up to 20% over traditional approaches.

Statistics

20
%
PlacementsPlus delivers up to 20% more recoveries than traditional placement methods
70
$70 billion of debt being processed by PlacementsPlus
32
32 Million PlacementPlus accounts within the system
Case Study

Immediate lift in collections and fast ROI | FICO Placements Plus Service

Revenue growth requires greater control and results from the collections process.
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Debt Collection and Recovery

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Contact Us

Contact us to learn how FICO® PlacementsPlus® Service can help you make smarter agency decisions.