TINTON FALLS, NJ ? PredictiveMetrics™ a leading knowledge-based scoring company, today announced its custom refit offering for DebtBuyerScore™ and UltraRecovery™ Score, the industry standard scores for buying and recovering debt. The model refit utilizes fresh payment information, within six months, associated with the agency?s purchases and recovery decisions. Recalculating the score with current information improves the accuracy of measuring how a company purchases and collects debt.
?By integrating the agency?s most recent collection performance data directly in the DebtBuyerScore and UltraRecovery Score, empowers the agency to make more effective and more profitable decisions,? stated Michael Banasiak, president of PredictiveMetrics, Inc. ?PredictiveMetrics has met the industry score challenge by adding customization to its scores to make liquidation based strategy decisions,? added Banasiak.
The custom refit is simple. The agency uses a PredictiveMetrics? standard industry score for six months. At the end of six months, the agency provides PredictiveMetrics with all historical payment data associated with the placements and/or purchases it has been collecting on. Then, PredictiveMetrics custom refits the model to include the individual effects of the agency?s collection practices and provides a respective set of custom performance tables for the agency, which shows exactly how the model works on the agency?s portfolio. This means the DebtBuyerScore and UltraRecovery Score models are now even better at predicting collection performance.
The model scores and reports are straightforward and easily accessible, via the Internet, using a simple web browser. File transfer typically occurs through encrypted FTP Internet exchange, which improves security and minimizes the need for IT assistance.
About PredictiveMetrics
PredictiveMetrics continuously helps its customers increase their profit margins by providing custom and industry specific bad debt purchasing, recovery, collection, portfolio management and credit scoring tools. Utilizing advanced methodologies and statistics to collection, accounts receivable and application data, as well as credit bureau, financial statement and demographic data allows companies to turn probabilities into profits. Armed with an analytical staff comprised of statisticians, econometricians and actuaries who have extensive experience in developing predictive scoring solutions for a variety of applications, types of financing, and industries allied with its consultative approach, PredictiveMetrics provides the most accurate and predictive decision tools on the market today! Established in 1995, PredictiveMetrics is headquartered in Tinton Falls, NJ.For more information about PredictiveMetrics, visit the company’s web site at www.predictivemetrics.com.
