When collectors contact consumers with unpaid debt, they have no way to know which consumers will pay up and which ones will ignore their demands. If collectors could predict into which category an account would fall, they would concentrate their efforts on those with the best ability and willingness to pay.
That’s where LexisNexis® Payment Score comes in and has potential to be a game-changer. It provides a three-digit score that represents how likely a consumer is to repay their debt within the next three months. And it scores higher those consumers likely to repay the most dollars. Armed with those insights, collectors can better segment and prioritize accounts.