LexisNexis® Risk Solutions can help you significantly improve debt recovery, with less time spent tracing debtors. Our solutions allow you to locate and contact more of your otherwise ‘uncontactable’ customers, giving you the opportunity to collect debts that would otherwise have been written off, or passed onto a third party debt collector.
Businesses can quickly lose touch with their customers. Latest figures show that the number of UK home movers is at a 10-year high.1 The problem of tracing people who have changed address can then be further exacerbated by name changes, as well as changes in contact details.
Our online debtor tracing solution – LexisNexis® TraceIQ® – offers an easy-to-use search interface, providing access to market-leading coverage of the UK population, with data derived from 2 of the leading 3 UK credit bureaus. Unlike competitors, our multi-bureau data is accessible instantly, within a federated search, so you can be assured of the best result, upfront.
TraceIQ provides updated customer data to reflect any changes in residential or mortality status.
TraceIQ provides additional data to enrich your existing customer information, to help locate uncontactable customers and assess the likelihood of being able to recover debts. This includes additional contact information (phone numbers and email addresses); financial indicators that might impact the ability to recover debts (e.g. CCJs and insolvencies); and collection scores (aggregated information to assess likelihood of debt recovery).