Fico Collections

DECEMBER 8, 2022

Building portfolio risk resilience into Collections & Recovery. 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. Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022).

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Fico Collections

JULY 6, 2021

Properly managed, the debt collections process can be an effective customer service and anti-attrition tool. Nowhere are the stakes higher than in early-stage collections, where the uncertainty of outcomes and the range of treatment options are the greatest. penetration rate) of live-agent contact calls (Figure 1).

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Fico Collections

JUNE 30, 2022

Medical Collection Removals Have Little Impact on FICO Scores. Based on FICO’s analysis, only 3% of FICO scorable consumers would be impacted by medical collection removals. The waiting period for medical collections to appear on credit files will increase from six months to one year. Saxon Shirley. Thu, 05/12/2022 - 07:46.

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Fico Collections

JANUARY 15, 2021

The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. Unlike the FICO® Score, which ranges from 850 to 300, the FICO® Resilience Index outlines a scale from 1-99.

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Fico Collections

JUNE 1, 2023

Inflation (the year-over-year comparison of the Consumer Price Index) continued to slow in March to 5%; however, prices continue to rise month-over-month. The Federal Funds Effective Rate was raised twice in Q1, 0.25% in February and 0.25% in March, landing at a target rate of 4.75%-5.00%. from February 2023 to March 2023.

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Fico Collections

JULY 18, 2022

However, over the last decade, new credit score providers have developed scores entirely or predominantly with ML, which they touted as more innovative and effective for fair, inclusive credit decisions for lending, particularly for underbanked and “unscorable” populations. chevron_left Blog Home. Tue, 07/02/2019 - 02:45. Can Arkali.

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Financial services Lender Collections 52

Troutman Sanders

MAY 9, 2023

On May 2, the White House published a blog post, titled “The DAME Tax: Making Cryptominers Pay for Cost They Impose on Others.” For the first year after the effective date of the proposal, these firms would be subject to an excise tax of 10% of the costs of electricity they use in digital asset mining. For more information, click here.

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