Strengthening Your Debt Collection Strategy

Without modern, data-driven strategies, agencies and debt buyers risk falling behind in an increasingly digital-first world. 

In this e-book, you’ll learn how to:

• Recover more with dynamic scoring models.
• Streamline prioritization with advanced data and analytics. 
• Engage faster through personalized communications and tailored outreach.
• Improve efficiency with on-demand platforms and self-service portals.

Changes in consumer behavior and advancements in data and technology mean that traditional collection methods may no longer produce the best results. 

Download our checklist for four key signs  that your strategy needs updating and how modern solutions can help:

• Lack of proper account prioritization 
• Low engagement and high call avoidance  
• Outdated scoring or models 
• Inefficient manual processes

In today's fast-paced world, locating individuals quickly is crucial for debt collectors and lenders. TrueTrace™, Experian’s leading skip tracing software, has undergone significant enhancements, improving data accuracy and expanding data sources.

These upgrades offer:

• Increased right-party contact (RPC) rates
• Better cost efficiency
• Improved user experience

Call blocking, mislabeling, and increased scam activity have led to a decline in RPC rates. TrueTrace addresses these challenges with enhanced data accuracy, using an identity graph to tie data from disparate sources to a unique identity profile for each consumer.

TrueTrace's enhancements represent a significant advancement in skip tracing technology, helping businesses achieve better results and operational efficiency.

As a service provider, you may be facing an uptick in delinquencies, making it crucial to optimize your debt collection strategies.

We’ve created a comprehensive free e-book, designed to show how you can bundle our innovative solutions for smarter, more efficient debt collection.

In this e-book, you’ll discover how to:

• Segment and prioritize: Identify high-yield accounts to accurately focus your collection efforts.
  
• Contact the right way: Maximize recovery by reaching debtors on their preferred communication channels.
  
• Streamline your operations: Use automated workflows to drive efficiency and improve results.