Collections and Recovery

Collections and Recovery with Enformion

When someone’s trying to escape past debt, it’s up to collection agencies to find that person. See how Enformion can help you find debtors quicker and more efficiently.

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How Enformion Improves Collections Processes

If you’re in the business of debt collection, you know how complicated a process it can be. It’s important that you get the information you need to find an individual trying to escape his or her past debts.

For better debt recovery assessment, here’s how you can rely on Enformion’s collections solutions.

Making Collections Easier

Much of the time, collections and recovery requires hunting someone down to deliver that person the necessary debt notifications. That’s the most difficult part of the job, because people who intentionally run away from debts don’t want to be caught…and really don’t want to pay. But you can find them with the help of Enformion.

  • If you have the right information, you can shorten the amount of time it takes to find individuals who don’t want you to find them.
  • When you can cut down on the time it takes to locate debtors, you can take on more clients, significantly increasing your profits.
  • The powerful skip tracing tools at Enformion will give you the results you need in a simple, intuitive package.

Producing Better Results With Better Information

With more high-quality information, you’ll have better results. What’s the point in relying on a low-quality information source that will just mislead you and waste your time? It’s important to invest in skip tracing services with Enformion that actually provide accurate information. That way, you can focus your attention on the pieces of the puzzle that really require it.

  • It’s simple: the better your information, the more effectively you’ll be able to track down debtors and complete your job.
  • You can boost your profits and create better results if you’re willing to invest in the best tools in the business.
  • With the streamlined operating processes, a wealth of information, and state-of-the-art interfaces at Enformion, you can lean heavily on the information you find.

Collecting the Most Information in the Business

Quality of information is tremendously important. But that high-quality information doesn’t really help that much if there are only a few records to look through. You need something that provides you with quality information that also delivers on the breadth you actually need. Enformion will give you the best of both worlds.

  • When working in collections, you may need to find information about a person’s relatives and associates, current and former addresses, and place of employment.
  • It’s important that you’re able to get that information as quickly and easily as possible.
  • At Enformion, you can take advantage of over 42 billion public records, combined with cutting-edge linking algorithms that will allow you to find people no matter where they have been or where they are right now.

Keeping Your Information Up-to-Date

Having up-to-date information is potentially the most important part of skip tracing. After all, when you first start out on your debt collection hunting, you’ll likely have at least a few pieces of information, including a phone number and address. But if you’re looking further into debt recovery, it’s unlikely that you’ll be able to use those often out-of-date pieces of information to get in contact. Rather, you need current information that can actually help with the search.

  • Current information cuts down on the amount of time spent sending mail to addresses no longer in use and calling phone numbers that aren’t in service anymore.
  • When you’re able to find up-to-date information, it’s easier to maximize your profit per hour.
  • With the exclusive data sources at Enformion, you know you’re getting the right information for your search.

Customizing Your Collections and Recovery Solutions

An important part of ensuring that you find people as quickly as possible is making sure you can customize your collections operations. After all, the way you work might not be exactly the same way another debt recovery agency works. If you want the best results, Enformion can help you create a proper workflow for you specifically.

  • If you’re able to personalize your results, you can create a workflow that’s more effective for your collections agency.
  • With options like batch results and continuous monitoring, you can find people quickly or keep an eye on someone you haven’t yet found.
  • At Enformion, you can customize your data solutions to make them as useful for you and your individual operational as possible.

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Collections and Recovery FAQs

How can Enformion help with the collections process?

Enformion helps those in collections by aggregating a debtor’s current and past contact data, plus likely business and personal connections. The former helps to improve right party contact rates, while the latter can help throw a wider net around a person who may not want to be located. Apart from our data, our variety of data delivery options ensures you can get the data you need how and when you need it.

Do I have to be part of a collections agency to employ Enformion’s services?

No. We do work with larger collections agencies, but we also have plenty of options available for individuals in the industry. You can contact one of our Collections Data Specialists to discuss, or just Sign Up online.

I don’t need to see a person’s entire data history. Is there any way to only see a person’s current contact info?

One of our custom data solutions is what we call Premium People Search Lite. As a pared-down version of our Premium People Search web search, this Lite version displays only a person’s most current and accurate contact information.

Can Enformion data help me figure out the probability of recovery with a person?

We can interpret certain data we have about someone to see if there are any risk indicators that would lower a person’s chance of being able to pay, such as liens, foreclosures, and so on. To that same end, we can do bankruptcy and death records scrubs on lists of contacts, so you don’t waste your time on people from whom you cannot collect.

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.