Recover debt more efficiently
Speed, precision, and prioritization are paramount for successful debt recovery. Equifax can provide all three, along with access to previously untapped data to help you recover debt faster with more efficiently. Equifax delivers premier skip-tracing solutions specifically designed to ensure the most current information for right-party contacts.
Improve cabilities to reach debtors first
Any data provider can return a list of prior addresses and phone numbers. But if it doesn't include current contact information, it's useless. The faster you can connect with debtors, the better your chances of recovering outstanding debt ahead of other collectors. Now you can get that competitive edge with FirstSearch from Equifax—a unique, back-end skip-trace solution that delivers the most accurate right-party contact information for improved debt recovery at a lower cost and in less time.
In competitive validation tests, FirstSearch consistently scores highest in returning more right-party addresses, right-party telephone numbers and unique phone numbers than incumbent solutions.
Increase recovery and profitability from late stage accounts
Knowing the likelihood of repayment on late-stage accounts gives you an opportunity to enhance the productivity and profitability of your recovery efforts. Combining the power of proven statistical techniques and the wealth of information in the Equifax consumer credit, Recovery Score – Late Stage allows you to better prioritize accounts for treatment and more efficiently allocate allocating resources for collections activities. By using this objective and analytically derived tool, you will be able to properly value portfolios for sale as well streamline the management of your collections activities.
Recover debt faster
As consumer debt and personal bankruptcies increase, you need cost-effective solutions that help you identify the consumers most likely to pay—maximizing your effectiveness and return on debt recovery efforts. Recovery Report is an abbreviated consumer report which helps you to improve your skip-tracing efforts and better determine a consumer's ability to pay. With information based on more than 210 million consumer files—updated daily—Recovery Report allows you to use advanced search techniques and matching logic to get the consumer credit information you need for fast, informed decisions.