Understand who is most likely to pay, how much to collect and how to go about it.
When a customer misses a payment, what do you do? How do you discover who’s made an honest mistake and just needs a reminder, and who’s doggedly dodging payments and needs a visit from the bailiffs?
"We’ve worked with Equifax for many years now and we have been consistently happy with their Debtor Management products and the level of innovation therein."Rohit Thakur, BCW Group Plc
By cross-referencing your records with our data and scorecards, we can help you determine whether each debtor:
Armed with that information, you can easily work out who you can collect from with the least fuss, and who will require a bit more effort - allowing you to allocate your resources sensibly and collect the highest possible proportion of what you’re owed.
Access Equifax collections management tools online, send your book to us to process and analyse, or integrate a solution into your own system via secure data feed.
Equifax can provide you with a range of solutions to support your business: from simple tools like collections scores to complex collections strategies incorporating full credit activity information.
If we don’t yet offer a tool that’s right for your business, call our consultants. They’ll work with you to define your unique debt situation and develop a bespoke solution - such as custom scorecards based on your business’s own collections policies.
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