Payment Score

Accelerate collections results with alternative data

Predictive analytics can help your business pinpoint a strategy that delivers more profitable collections results. LexisNexis® Payment Score leverages alternative data to deliver insights that can strengthen your collections strategy, improve debt recovery success rates and drive more profitability into your collections workflow.

Collections organizations can substantially improve the effectiveness of their recovery and operate at peak performance by leveraging a score that predicts payment of debt. Payment Score is a dual performance score designed to help rank order accounts based on the likelihood that a debtor will make a payment in the next three months and the size of that that payment. Payment Score accesses 33 billion public records built from more than 2,000 sources to provide unique alternative behavioral data insight into a debtor's propensity to repay and then delivers an easy-to-use, actionable three-digit score. Payment Score is compliant with Fair Credit Reporting Act and Equal Credit Opportunity Act regulations.

Payment Score delivers critical insights that drive a stronger, more informed collections strategy:

  • Identify most collectable accounts to collect on the highest percentage of dollars
  • Reduce collections spend by streamlining portfolio management
  • Optimize decisions using analytic technology and comprehensive alternative data insight

Get it now: For more information about LexisNexis® Payment Score, call 800.869.0751.

Broader perspectives equal better profitability

Payment Score helps predict repayment by providing an actionable score, ranging from 501 (least likely to repay) to 900 (most likely to repay the most dollars). This score can be used as a stand-alone scoring tool or in a decision matrix with other scores. Payment Score is derived by compiling diverse alternative behavioral data from the industry's leading repository of public records sources. LexisNexis® delivers unique insight into consumers with little-to-no traditional credit history and gives your business the predictive confidence that comes from working with the industry leader. With Payment Score your business can maintain an agile collections strategy that keeps resources focused on profitable recovery efforts.

Payment Score is an effective collections tool that utilizes alternative data sources

  • Property deeds
  • Occupational licenses
  • Bankruptcy and lien filings
  • Educational records
  • Phone records
  • Bureau header data
  • Customer Inquiries
  • Criminal records
  • Court judgments
  • Business filings

Focused resources increase recovery

In today's dynamic and often shifting economic times, current perspective greatly impacts an effective collections strategy. Alternative data creates a more complete profile of the consumer that better reflects a debtor's stability, ability to repay and willingness to repay a debt. It can also optimize account visibility and add a layer of focus to your portfolio management strategy. In addition, alternative data provides insight on consumers with little or no traditional credit history. Leveraging the predictive scores delivered by Payment Score, agencies can streamline their collections workflow, reduce overall spend and increase collections success rates.

Advantages of alternative data

  • Creates a holistic view by combining life event data a
  • Leverages leading indicators
  • Delivers a detailed perspective of consumer behavior
  • Includes debtors with no file or thin file
  • Clarifies the debtor's overall financial health

Payment Score helps your business identify the most effective route to profitable recovery results by minimizing wasted margins on unproductive accounts while maximizing the focus on accounts most likely to repay. Leverage Payment Score to improve your collections strategy, realize higher debt recovery success rates and drive more profitability into your collections workflow.


Get it now: For more information about LexisNexis® Payment Score, call 800.869.0751.

Literature

  1. LexisNexis® Payment Score

Get it now: For more information about LexisNexis® Payment Score, call 800.869.0751.

Contact Us

For more information about our solutions call 800.869.0751 or contact us online

Payment Score and RiskView are consumer reporting agency products provided by LexisNexis Risk Solutions Bureau LLC and may only be accessed in compliance with the Fair Credit Reporting Act, 15 U.S.C. 1681, et seq. Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors. Source data is sometimes reported or entered inaccurately, processed poorly or incorrectly, and is generally not free from defect. This product or service aggregates and reports data, as provided by the public records and commercially available data sources, and is not the source of the data, nor is it a comprehensive compilation of the data. Before relying on any data, it should be independently verified.

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