DebtCollect
DebtCollect is our key product for collections purposes. With 32 codes representing different predicted payment behaviours, it helps businesses decide how to treat individuals at the three stages of arrears; pre-delinquency, collections and recoveries. Effective implementation for both in-arrears collections and late-stage collections & recoveries is simple. Fraudscreen's DebtCollect codes provide a different perspective based on payment ability and will enhance existing segmentation systems, delivering bottom-line benefits, in a matter of days.
DebtCollect Plus
DebtCollect Plus adds deeper geographical insight to our highly effective DebtCollect product for collections purposes and is of particular benefit to businesses that need a more granular segmentation. Just like the standard product, it helps businesses decide how to treat individuals at the three stages of arrears; pre-delinquency, collections and recovery, but with 69 different codes, rather than the standard 32.
Our clients typically use DebtCollect or DebtCollect Plus to:
- Improve accuracy of pre-delinquency flags to reduce wasted efforts on false positives.
- Prioritise who to contact first to increase early recoveries .
- Prepare appropriate tailored letters, call scripts, emails, etc.
- Be more descriminating about contact methods to reduce overall cost per £ recovered.
- Trigger pre-planned communications processes for people meeting certain criteria.
- Identify debts to move more swiftly into write-off or sale.
- Discriminate on records beyond 90 days where traditional methods often fail.
