Collections Recovery ToolSM
An Experian study has found that approximately 20 percent of the addresses creditors have for debtors are incorrect. Pinpointing hard-to-find debtors is the critical first step in an effective collection campaign. ExperianÆ has created Collections Recovery ToolSM to reveal alternate locations, telephone numbers, business owners and a 90-day payment summary across trades for your small-business customers. Utilizing Experian's network of commercial databases and resources, this valuable commercial skip-tracing tool increases the likelihood of targeting and locating debtors.
Optimize collections efforts
Accessed through an easy-to-use Web site, Collections Recovery Tool provides a quick yet comprehensive summary of your delinquent customers. Leveraging Experian's commercial data repository, BizSource, SM Collections Recovery Tool searches across multiple tradelines to examine the payment history patterns of your delinquent customers. Collections Recovery Tool allows you to:
- Discover alternate contacts, addresses and phone numbers for customers
- Gain a better understanding of customer payment behavior
- Determine if debtors are paying other creditors first
Save on commercial skip tracing
Collections Recovery Tool is a flat monthly subscription service that may be accessed by any number of users within your organization. After a quick and easy online setup, you may begin using the service immediately. Collections Recovery Tool is flexible by design to accommodate companies of varying sizes and needs.
Complement existing Experian collections products
Collections Recovery Tool is an excellent complement to other Experian products, including Delinquency Notification Service.SM Collections Recovery Tool allows our clients to identify alternate contact information and payment behavior for a particular debtor.
Experian's Delinquency Notification Service then provides the channel to contact debtor with an effective mailing printed on Experian letterhead. When used together, these two premier services provide the decisive advantage for maximizing collection payments.
