Four ways to improve your collections efforts

In today's fast-paced world, locating individuals quickly is crucial for debt collectors and lenders. TrueTrace™, Experian’s leading skip tracing software, has undergone significant enhancements, improving data accuracy and expanding data sources.

These upgrades offer:

• Increased right-party contact (RPC) rates
• Better cost efficiency
• Improved user experience

Call blocking, mislabeling, and increased scam activity have led to a decline in RPC rates. TrueTrace addresses these challenges with enhanced data accuracy, using an identity graph to tie data from disparate sources to a unique identity profile for each consumer.

TrueTrace's enhancements represent a significant advancement in skip tracing technology, helping businesses achieve better results and operational efficiency.

As a service provider, you may be facing an uptick in delinquencies, making it crucial to optimize your debt collection strategies.

We’ve created a comprehensive free e-book, designed to show how you can bundle our innovative solutions for smarter, more efficient debt collection.

In this e-book, you’ll discover how to:

• Segment and prioritize: Identify high-yield accounts to accurately focus your collection efforts.
  
• Contact the right way: Maximize recovery by reaching debtors on their preferred communication channels.
  
• Streamline your operations: Use automated workflows to drive efficiency and improve results.

Did you know that U.S. residential electricity prices have risen by 25% over the past five years? ¹ Download our tip sheet to learn four strategic actions that utility and telecom service providers can take to navigate current collection challenges and dramatically transform outcomes.

Explore how to:

• Successfully prioritize and implement a data-driven strategy.
• Ensure accurate contact data with skip-tracing tools.
• Leverage technology and AI/ML models to improve operations.
• Enhance the customer experience by tailoring interactions.

1. U.S. Energy Information Administration

Join our experts for an engaging conversation on credit union collection trends and successful account management strategies.