Today’s Challenges in the Debt Recovery Industry
Propensity to Pay – Machine Learning Model Development Have you called, sent emails, and taken the last-ditch effort of snail mail? Is the price of debt recovery putting you in debt? How do you persuade a customer in today’s economic environment to pay their debt? Perhaps it is not about persuasion but understanding the propensity to pay. Finding a customer’s propensity to pay can offer: Likelihood of payment, taking into account Date of Service Age, Date of Placement age, Balance, Location (income, economics, education, etc.) Consumer’s preferred communication method Time of day patient prefers communication Since 2014, NLP Logix has been partnering with companies in the debt recovery industry to build machine [...]