Debt Recovery Score
Debt Recovery Score is a statistical model that predicts the likelihood that a payment will be made on severely delinquent or written-off accounts within the next 12-months. Did you know that 76% of the total amount recovered is from accounts with a debt recovery score in the top 40%?
Through the use of bureau profiles and debtor information, Veda DRS improves the efficiency of collections by ranking and prioritising accounts that are more likely to repay. This allows creditors to focus debt recovery initiatives on more responsive customers.
Benefits to you
- Helps to improve the efficiency of collections by ranking accounts and prioritising small business and sole trader accounts
- Allows creditors to focus debt recovery initiatives on more responsive customers
- Reliable and trusted high predictability rate.
* Based on Veda’s internal analysis on a data sample of 120,000 late arrears accounts.