Equifax Inc. launched a breakthrough debt collection solution named Recovery Navigator for the debt collections market. Through this debt collection solution, the recovery entities and debt buyers can recognize accounts with the highest ability to pay back the debt and thereby boost their credit selection process.

Due to economic situation; unemployment and bankruptcies are increasing; therefore there is crucial need for debt collection solution in this challenging environment.

Debt collection solution was developed after rigorous analysis of debt patterns across various industries, particularly credit card loans. Based on this study, a solution was made that includes extensive credit data and debt to income analysis which calculates a score indicating the ability to pay back the debt and thereby improving the performance of the debt portfolio.

• Debt Collectors Become More Aggressive
• Consumer Complaints About Debt Collection Issues
• Personal Bankruptcy On The Rise Due To Recession Says Debt Collection Agencies
• Financial Crisis Makes A Mark On Household Debt Collections
• Do You Fear The Debt Collection Agency?
• Debt Collection Gets Dirty
• Know Your Debt Collection Rights
• New Policies Do Away With Promises To Slash Debts
• Watch For Fraud When You Deal With Debt Collections And Bankruptcy
• Use Credit Card Debt Consolidation Loans To Fight Debt Collection

This entry was posted on Thursday, February 17th, 2011 at 6:56 am and is filed under Debt Collection. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.