Debt Recovery Assessment with Enformion

When it comes to debtors, you have to perform a debt recovery assessment to determine probability of payment.

Debt Recovery Assessment

An important part of debt recovery is actually assessing the targets for your debt recovery. When you use Enformion for debt collection and recovery, you will effectively move toward a streamlined process that gives you more time to work on the things that matter.

Assess and segment
Payment propensity
Monitor changes
Customize and prioritize your workload

Assess and segment

Prioritization is an incredibly important part of debt collection. You want to 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.

  • It’s important that you know who to target first so you can allocate your 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.

Payment propensity

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, etc.) as well as positive indicators (assets, property owned, etc.).

Enformion can help to analyze all of the available indicators to help you figure out who is more likely to pay.

Monitor changes

Even if you currently have the proper notification information for certain individuals, you never know when that information could unexpectedly change.

  • By using your resources wisely, you have more time to focus on the things you have to do on your own, like actually contacting people and collecting.
  • Enformion has built-in capabilities for data alerting, which means you essentially automate these tasks

Customize and prioritize your workload

Customizing the way you work is very important. You don’t want your work pigeonholed into the way a certain company thinks is best for your work. Use Enformion to customize the way you work so it fits your style and needs.

Frequently Asked Questions

What industries can Enformion help with debt recovery?

Enformion has the tools, services, and data to help financial institutions, third-party collectors, corporations, and debt buyers collect and recover efficiently.

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.

What is a debt recovery assessment?

A debt recovery assessment helps you assess and segment your accounts, identify payment propensity, monitor changes, and customize and prioritize your collections workload.

What is payment propensity?

Payment propensity 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, etc.) as well as positive indicators (assets, property owned, etc.).

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