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May 26 2008
Experian Launches Intelligent Collections to Ease Debt Recovery Burden PDF Print E-mail
Written by News watch   
Monday, 26 May 2008

Experian®, the global information services company, launched its Collections Information Service (CIS) to improve debt recovery by enabling organisations to take action at the most appropriate time to secure payment.  Providing access to the most up-to-date information, the web-based system brings greater insight to the way in which consumers are treated during the collections process. CIS enables collectors to access Experian's CAIS data showing an individual's debt on a real-time basis while they are in contact with the customer.  It includes an accurate evaluation of the customer's circumstances to suggest the best course of action for customers who are in arrears.  Supported by CIS's sophisticated scores and analytics, users access the most up-to-date customer information and analysis via alerts on spending or borrowing activity across the board.

CIS is accessed via a single click-through to an Experian web service and users are able to personalise the system, choosing preferred actions such as taking payments, restructuring the debt or moving to litigation, with supporting prompts or scripts. Furthermore, users also have access to a unique case study section that contains information on debt across different accounts held on Experian's extensive credit bureau.


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