Collection Strategy Analysis

Once an account goes delinquent, a decision has to be made as to the best collection action to take in order to collect from this account. Collection strategies are usually preset and are based primarily on the risk of the account going further past due along with other factors like balance and the time that the account has been on the books. Once a collection strategy has been set, the collection manager is able to try alternative approaches to try and discover a strategy that will provide better collections.