Experian clients win with PriorityScore for CollectionsSM


A leading accounts receivable management firm recently selected Experian's PriorityScore for CollectionsSM to help the company better focus resources on consumers with the ability to pay. PriorityScore for Collections outperformed all other scores, yielding 65 percent of all dollars collected in the top 15 percent scoring accounts, resulting in $6 million  more dollars collected in the top 15 percent scoring accounts.

PriorityScore for Collections is a suite of recovery models that spans more than 20 different debt types. Consumer repayment behaviors vary based on the type of debt, so it is important to use a model built to consider these differences.

Client validation results

  • This client validated eight different debt types, with PriorityScore for Collections winning across all portfolios
  • PriorityScore for Collections was able to score 10 percent more accounts than the competition (99.98 percent), totaling more than $1.1 million more overall dollars collected

In the collections world, the majority of payments are collected from a relatively small percentage of consumers. Knowing whichconsumers have the ability to pay is vital because working everyaccount the same is not efficient. Collection scoring can be used to optimize the assignment of collection resources by focusing on the accounts with the greatest recovery potential.

Take the PriorityScore for Collections 60-Day Challenge!
Want to win with PriorityScore for Collections? Visit the PriorityScore for Collections 60-Day Challenge page or contact your Experian representative a 1 888 710 4093 to learn how. you can win with PriorityScore.

 

  • © Experian 2011. All rights reserved.