PriorityScore for CollectionsSM
Helping you make better financial decisions by more effectively segmenting your portfolio to maximize revenue for late-stage and post charge-off collections. This suite of collection decision models blend Experian’s credit bureau data with client-supplied data producing an accurate ranking and predictive forecast of dollar amount to be paid and identifies consumers most likely to pay.
In these recessionary times PredictiveMetrics (PMI) and Experian developed PriorityScore as an answer to the growing need in the marketplace for collection models that are specific to type of debt and age of debt. Through PriorityScore advanced segmentation will automatically occur to select from 60 model equations to provide a blended recovery score that is specific to your accounts. Clients will be able to score and decision more accounts, since the models leverage client data.
PriorityScore provides creditors, debt agencies and debt buyers with the unique advantage of predicting two outcomes – dollars to be collected and expected payers. By now having the ability to predict expected dollars to be paid in addition to the traditional payer score, collectors can prioritize collection actions based on cost, effort, and impact optimizing collection yields.
Benefits of PriorityScore
- Maximize collection dollars by knowing expected value and probable payers
- Reduce collection costs
- Better allocate resources
- Segment and prioritize your portfolio
- Determine optimal collection treatment for each accounts
- Determine which accounts to keep in-house, send to a collection agency, or sell
For more information view:
PRIORITYSCORE BROCHURE
