Product Overview

The quote 'Prevention is better than cure’ is very well suited for the lending industry. To prevent loans from turning into bad debts, lenders must explicitly adopt strategies that provide a detailed overview of the applicant’s financial health.

Retail Collection Portfolio Review by Equifax aims to provide targeted Portfolio Review datasets for debt collections from existing customers of specified members. 

Product Benefits

  • Streamline the overall collection strategy
  • Enhancing recovery rates
  • Reducing bad debt
  • Improving customer experience  

Targeted Approach For Enhanced Customer Experience

  • Data driven financial health check for the customers
  • Identifying potential threats and early delinquency signs
  • Decrease write-offs 
  • Saves time and operational expense

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