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Fico Collections
DECEMBER 8, 2022
Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management. Managing the optimal collections investment strategy is a crucial aspect of portfolio risk management. asokolowski.
Fico Collections
JULY 6, 2021
Properly managed, the debt collections process can be an effective customer service and anti-attrition tool. Less resilient borrowers within a FICO Score band should therefore be prioritized during stressful times as both their probability of default and outstanding balances tend to be higher, resulting in larger overall credit losses.
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Fico Collections
DECEMBER 6, 2022
One more unknown is how the expiration of student loan payment deferment and the upcoming loan cancellation will impact the overall cash flow of consumers. Based on the latest data available, the average FICO Score has remained steady year-over-year at 716 (blog post here ). US Bankcards Industry Benchmarking Trends: 2022 Q3 Update.
On Guard
JUNE 18, 2020
Coronavirus Crisis: 3 Tips for an Effective Data-Driven Credit Management Policy. Lately, it’s become impossible to switch on the news without hearing about the coronavirus crisis, economic recession or the rising number of bankruptcies. These are uncertain times. Adopt a personalised approach. Become stronger together.
CICM
MAY 6, 2021
However, this new legislation does not restrict creditors petitioning for the administration of a company – meaning that where debt is outstanding, there is something that can be done now, during the CIGA restrictions to expedite your recoveries. Menzies LLP , CICM corporate partner, provide an overview in their latest blog.
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