Debt Recovery
Find debtors quickly and efficiently with Enformion’s customizable solutions
Enformion has the tools, services, and data to help financial institutions, third party collectors, corporations, debt collectors, and debt buyers collect and recover efficiently. Develop a more focused debt collection strategy to help reduce costs, save time, and maximize resources.
Learn how Enformion can help you refine your debt management and recovery strategy.
Locate Hard to Find Debtors
Prioritization is an incredibly important part of debt collection. Debt collectors and debt buyers don’t want to expend all of their resources. Instead, utilize at least part of your resources to track down individuals who are easier to find while also still looking for people who really want to stay hidden.
The powerful skip tracing tools at Enformion will give you the results you need in a simple, intuitive package, allowing you to obtain up-to-date contact information for hard-to-locate debtors. With over 120 billion public records from 6,000 sources, our extensive database is refreshed regularly to enable you to always have the most up-to-date information about debtors.
- It’s important to know who to target first so debt collection agencies can allocate resources properly.
- With the right tools, you can target easy-to-find people differently than people you’ll have a harder time locating.
- With Enformion, you can utilize batch processing to return general information results on people you believe you’ll be able to locate easily.
Collection Prioritization and Strategy
On the other side of a debt recovery assessment is determining who can actually pay off their debt. An assessment can figure this out by looking at a number of negative indicators (bankruptcies, foreclosures, bad debt, etc.) as well as positive indicators (assets, property owned, etc.).
Enformion can help analyze all of the available indicators to help you figure out who can pay so you can collect debts. Improve collection efforts and increase accounts receivables by identifying accounts with the highest payment potential using our proprietary algorithms. Perform a Debt Recovery Assessment to assess your debt collections process and strategy to know who to target first. We can also customize your collections operations and help create a custom workflow to provide the best results for your specific needs.
Debt Management Tools
An effective debt management program relies on thorough data and the ability to leverage technology. Enformion's data and solutions can help creditors and collectors segment, identify, and ultimately collect on bankruptcy and delinquent accounts.
It’s extremely important that you always pay attention to the debtors you’re chasing. Even if you currently have the proper notification information for certain individuals, you never know when that information could unexpectedly change. Debt buyers can use our data to identify records with bankruptcy, liens, or judgments. Our data set includes over 250M+ debt records, including:
- 32M+ bankruptcies
- 124M+ judgments
- 90M+ liens
Frequently Asked Questions (FAQs)
What industries can Enformion help with debt recovery efforts?
Enformion has the tools, services, and data to help financial institutions, third-party collectors, corporations, and debt buyers collect and recover efficiently.
How can Enformion help me find debtors?
The powerful skip tracing tools at Enformion will give you the results you need in a simple, intuitive package, allowing you to obtain up-to-date contact information for hard-to-locate debtors.
How can Enformion help my collection strategy?
Improve collection efforts and increase accounts receivables by identifying accounts with the highest payment potential using our proprietary algorithms. Perform a Debt Recovery Assessment to assess your collections strategy and know who to target first.
What is an effective debt management program?
An effective debt management program relies on thorough data and the ability to leverage technology. Enformion’s data and solutions can help creditors and collectors segment, identify, and ultimately collect on bankruptcy accounts.
Empower your team with flexible solutions
Batch Processing
Update large amounts of data quickly and easily with our batch appending option.
Enformion API
Our API solutions allow you to integrate software systems for in-depth searches and display custom results using your own existing applications.
Cloud-based Platform
Enformion’s cloud-based platform provides easy and convenient access to data, whenever you need it.