Collections Agency

Collection Agency Operations with Enformion

Right Party Contact solutions and public records facilitate debt recovery operations.

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Enformion’s Edge = Your Gain

As a collection agency, it’s important that you have the information you need to do your job well.

Collection agencies need to have the highest-quality information regarding their clients, both debtors, and creditors. Here are a few of the benefits Enformion can provide for your collections business.

Skip Tracing with the most accurate and current contact information available:

  • Improve right party contact rates
  • Speed up the collections process
  • Verify individuals and businesses
  • Locate hard-to-find persons
  • Reduce manual investigative research
  • Close cases faster to save time and money
  • Perform due diligence
  • Mitigate fraud and enhance risk management
  • Uncover new leads and identify dead ends
  • Append your data to complete the profile of your investigation

Access to High Quality, Accurate Data

Sometimes, collection agencies just don’t have the highest-quality information available. They may only have a phone number and a full name for a specific client. If the phone number doesn’t work, where does that leave you? With manual skip tracing techniques to locate debtors, this might put you at a disadvantage.

Enformion removes that disadvantage.

 

Accurate – Efficient – Cost-Effective

Segmenting your accounts first gives you the added edge to increase your collection dollars and protect your organization from TCPA and FDCPA complaints.

Identify Public Records Data for special handling teams

  • Bankruptcy
  • Judgments
  • Liens
  • Deceased records

Spending More Time With Debtors and Creditors

When running your business, you need to make sure you have enough time for collecting. Enformion helps collection agencies spend more time working with people who make a difference to their business.

  • To make more time for collecting, reduce time consuming manual skip tracing when feasible.
  • Automated services help you spend time with customers, especially when you can customize them to fit your needs.
  • Utilize Enformion’s batch processing to take a large list of customers, then turn it into actionable information that you can convert to right-party contacts.
  • API solutions from Enformion will fit the bill when your host collection systems allow.

Finding People No Matter Where They Are

It’s not uncommon to lose track of debtors when they move, whether because they’re intentionally trying to avoid their debts or just because they forgot to update their contact information. Either way, you need a way to find the people you’re looking for, even if you don’t have up-to-date contact information. Enformion can help you get that accurate information.

  • Your business relies on you being able to find people, which means that you need the most accessible skip tracing services in the industry.
  • There’s no need to use antiquated ways of finding people when you can instead take advantage of automated services.
  • With Enformion, you can instead use the most up-to-date information on the market to discover where people are hiding through our batch processing and API solutions.

Getting Information About Almost Anyone

Collection agencies never have enough data for customers. But having a database like Enformion makes sure things are easier.

  • No matter who you’re trying to find, you want to get as much information about the person in question as possible.
  • It’s important that any database you use offers information on a wide number of individuals.
  • Enformion collects information from over 6,000 data sources, so you can be sure you’re getting the most exhaustive information available.

Positively Impact Your Margins

When you’re trying to increase your margins, you’re going to look for every way to decrease expenses. Lower your data costs with Enformion’s cost-effective single source solution.

INSIGHTS AND EVENTS

WEBINAR

The State of Third-Party Collections 2019: Challenges, Trends and Innovations

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The State of Third-Party Collections 2019: Challenges, Trends and Innovations

CASE STUDIES

The State of Third-Party Collections 2019: Challenges, Trends and Innovations

BLOG

The State of Third-Party Collections 2019: Challenges, Trends and Innovations

Talk with a specialist today to learn how Enformion can help to customize a solution that’s right for you.

Call us at 1-855-281-3915, or via online today.