Business Needs

Improve Collections & Recovery Strategies

Equifax helps you identify who to contact, when, and how–so you can prioritize recoveries, reduce losses, and make more informed collection decisions.

Recover More, Improve Collections, Operate Smarter

We understand you need to maximize growth and minimize risk. It's challenging to know exactly which customers to prioritize, especially for re-engagement or collections. Our solutions help identify customers with the highest financial capacity, giving you a crucial advantage. We help you recover payments faster and improve operational efficiency, ensuring your resources are focused where they'll drive the most revenue and reduce risk.

Recover Delinquent Debt Faster

Struggling with late payments, bad debt, or contact gaps? Equifax helps you recover faster with data-driven tools

Skyrocketing Charge-Offs Drain Your Bottom Line

Unpredictable defaults eat into your profits. You're losing money on noncollectable debt, and your current methods aren't enough to stop it. We know the pain of unexpected losses.
Streamline collections, cut costs. Our Recovery Report provides precise consumer data, maximizing your efforts and boosting efficiency.
Find and connect. The Work Number offers accurate contact info and verifies ability to pay, dramatically improving outreach success.
Prioritize smarter, recover more. Your Consumer Credit File offers robust data to focus efforts on accounts with the highest recovery potential.

Collections Bottlenecks: High Costs & Slow Processes Hurt Efficiency

Your collection efforts are bogged down by manual tasks and inefficiencies, driving up operational costs. This wastes time and resources, directly impacting your bottom line. We understand the frustration of slow, expensive processes.
An advanced machine learning model that provides an accurate estimate of an individual consumer's full-time employment income using multi-source data, enabling lenders to make confident decisions without requiring the consumer to provide income documents.
Delivers a comprehensive credit score, enabling lenders to make faster, more predictable decisions and expand credit access.
The Equifax BNI is an FCRA-compliant predictive scoring model that leverages advanced analytics and consumer credit data to accurately forecast the likelihood of an individual filing for bankruptcy within the next 24 months, enabling lenders to proactively mitigate risk and maximize portfolio profitability.

Can't Find Delinquent Customers. Missing Contact Info Has High Costs

Struggling to locate and contact delinquent customers means missed opportunities to recover debt. Outdated or inaccurate contact information is a major barrier to resolution. We know how frustrating it is to chase dead ends.
Used to monitor local geographies for changes in residential address listing status, immediately alerting lenders to properties that have been recently listed for sale or placed under contract.

Maximize Recovery and Improve Your Operational Efficiency

Unlock superior collections with Equifax. Our unique data and advanced skip-tracing lead to reliable contact (20% higher right-party contacts). Verify employment for better decisions. Tailored reporting and portfolio management drive 25% improved recovery rates. Partner with us for data-driven success and reduced operational costs.
Financial Services
Mitigate delinquency and prioritize debt portfolios based on likelihood to pay
Automotive
Recover more vehicle loan debt 
Fintech
Improve the customer experience while increasing recovery rates
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Boost savings 6x by reviewing risk monthly, not annually, cutting exposed dollar risk significantly.

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Predict recovery better. Identify customers 13% more likely to become current with Equifax insights.

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Catch risk early for big savings. Early detection boosts cost savings by 40-50% on new at-risk dollars.

Collections: From Reactive to Predictive

We help you boost recovery and cut bad debt by providing unique data and advanced analytics for prioritization and automation. With increased efficiencies and a more positive, compliant experience for customers, you can see a greater return on your efforts.
Case Study

Lennox Transforms Credit & Collections with Equifax

Discover how Lennox achieved double-digit improvements in gross margin, bad debt, and approval rates in just two years.
Gain Insights

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