Employ Statistics and Analytics to Up Your Collections Game

By Mark Luber - It is time for the collections industry to embrace the future and adopt new models. These models must properly assess debtors, review their situations, and anticipate the likelihood of monetary recovery. Then collectors must effectively and efficiently apply all this data in order to gain positive results and higher debt-recovery success.The future of the collections industry lies within a mathematical science that leverages alternative personal data to determine the…