The Collection Triggers(SM) Platform Monitors Delinquent Consumer Credit
Activity and Triggers Notification for Events That Indicate an Improved
Propensity to Pay
COSTA MESA, Calif., Feb. 20 /PRNewswire/ -- Experian(R), a global
information solutions company, today announced the release of an enhanced
version of Collections Triggers(SM). The new version provides collectors
with notification when a debtor's ability to pay appears to be improving.
This is especially critical for financial services organizations looking to
optimize late stage and charged-off receivables.
The introduction of additional trigger criteria and attributes within
Collection Triggers increases the ability for companies to act quickly when
new information is available. Subscribers to Collection Triggers are
notified within 24 hours when the financial status of a consumer within
their collection portfolio has improved.
"Collection Triggers increases revenue by allowing companies to be
first to the door of consumers who have improved their ability to pay,"
said Zaydoon H. Munir, senior vice president, Experian's Consumer
Information Solutions. "This tool allows companies to increase their
productivity by only working delinquent or charged-off accounts when there
is tangible evidence that renewed contact will yield results."
The enhanced Collection Triggers solution offers:
* A low-cost solution since charges are only incurred when new
information on an account is available
* An economical "best address" option that notifies companies immediately
if a newer address exists for a delinquent account
* The ability to append 15 different score models to one or more types of
trigger notifications, including Experian's VantageScore(SM) and
RecoveryScore(SM)
* Improved management reporting and enhanced e-mail notification
* Monitoring of public record, civil action, tradeline and demographic
events to help prioritize and segment collection strategies
* Triggering options and rules around monitoring frequency that can be
customized based on priorities
"Collection Triggers is a powerful and intuitive tool for debt
collectors who want to concentrate resources on the most collectible
segments of their portfolio," said Munir. "Clients can monitor thousands of
accounts and align their expenditures to monitor the consumer events that
will most likely lead to recovery. This product is particularly beneficial
for the debt buyers forced to operate on tight margins with the need for
maximum efficiency."
For more information about Collection Triggers, please call
888-414-1120 or visit
http://www.experian.com/collections_industry/index.html
About Experian
Experian(R) is a global leader in providing analytical and information
services to organizations and consumers to help manage the risk and reward
of commercial and financial decisions. Combining its unique information
tools and deep understanding of individuals, markets and economies,
Experian partners with organizations around the world to establish and
strengthen customer relationships and provide their businesses with
competitive advantage. For consumers, Experian delivers critical
information that enables them to make financial and purchasing decisions
with greater control and confidence. Clients include organizations from
financial services, retail and catalog, telecommunications, utilities,
media, insurance, automotive, leisure, e-commerce, manufacturing, property
and government sectors.
Experian Group Limited is listed on the London Stock Exchange (EXPN)
and is a constituent of the FTSE 100 index. It has corporate headquarters
in Dublin, Ireland, and operational headquarters in Costa Mesa, Calif., and
Nottingham, UK. Experian employs more than 12,500 people in 34 countries
worldwide, supporting clients in more than 60 countries. Annual sales are
in excess of $3.1 billion.
For more information, visit the Group's Web site at
http://www.experiangroup.com.
The word "Experian" is a registered trademark in the EU and other
countries and is owned by Experian Ltd. and/or its associated companies.
Contact: Susan Henson
Public Relations
714-830-5129
susan.henson@experian.com
SOURCE Experian
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Related links:
http://www.experian.com/collections_industry/index.html
http://www.experiangroup.com
CONTACT:
Susan Henson, Public Relations, Experian,
+1-714-830-5129, susan.henson@experian.com
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