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Inaccurate data can cost more than time and money.
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Strategies to help mitigate risks
Protecting your business from fraudulent activity and managing credit risk at the same time is a challenge for many organizations. Especially in today’s volatile economy, business risk management is essential to limiting profit loss. Here is how you can manage risks without disrupting normal business processes and how Experian can help:
Receive alerts on derogatory information such as liens, bankruptcy, late payments, charge-offs and changes in public records. By identifying potential risk immediately, you’ll be able to improve your risk management process and avert loss. Furthermore, by identifying credit customers who are shopping for credit elsewhere, you can take action quickly to retain their business.
Predictive scoring ensures consistent, reliable decisioning. Custom scoring models not only let you mine your portfolio for revenue opportunities, they speed up application processing, help lessors predict risk and enhance collection strategies by identifying accounts with the greatest recovery potential.