Experian®, a global information solutions company, has introduced the Portfolio Management Package for Post Charge-off accounts, a one-stop solution for large financial institutions and collection agencies needing an adaptive control system to help them better manage their post charge-off portfolios. The new tool helps users decrease operating costs and focus collection efforts on accounts where recovery chances are best.
“The key to improving collections from post charge-off accounts is to be able to prioritize the portfolio according to which accounts have the highest recovery potential as well as the relative amounts that may be collected,” said Steve Darsie, vice president at Experian Decision Solutions. “Portfolio Management Package for Post Charge-off accounts does that and more, and gives users the ability to better track debtors, including locating skips.”
A key component of the new resource is Experian RecoveryScore(SM), which ranks post charge-off accounts to take the guesswork out of predicting the likelihood of recovery by employing statistical techniques to portray consistent, objective evaluations. Portfolio Management Package for Post Charge-off accounts also relies upon Experian’s diverse collection of generic bureau scores and key customer attributes to help users select tools that best suit their account management and collections objectives.
The skip tracing information is provided by MetroNet®, one of the nation’s most up-to-date and accurate consumer skip locating services. Users can locate accounts that have moved or are difficult to find, retrieve phone numbers for account principals and other household members, find residence address information and receive instant access to Regional Bell Operating Company databases.
Since the Portfolio Management Package is hosted at Experian, it enables customers to gain the many advantages of adaptive control solutions in a quicker and more cost efficient manner than the more traditional methods that require complex software installation. The solution also provides testing and ongoing monitoring and tracking reports. Additionally, Experian consultants are available to ensure successful implementation of the solution, to provide strategy recommendations, and to review Experian-generated reports.
About Experian
Experian® enables organizations to find the best prospects and make fast, informed decisions to improve and personalize relationships with their customers. It does this by combining sophisticated and intelligent decision- making software and systems with some of the world’s most comprehensive databases of information on consumers, businesses, motor vehicles and property. Through multi-channel delivery of its Web-based products and services, Experian enables its clients to conduct secure and profitable e- business and develop state-of-the-art Customer Relationship Management (CRM) systems for communicating and building relationships with customers. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Costa Mesa, California. Its 12,000 people support clients in more than 50 countries. Annual sales are approximately $1.5 billion.
For more information, visit the company’s Web site at www.experian.com .
