Collection Agency

Accurate and timely identification and notification of a bankruptcy filing is imperative to an agencies continued profitability. Missed or erroneous bankruptcy notifications are costly and risky.

  • If an agency does not correctly learn that an account is involved in a bankruptcy in a timely basis, it is wasting valuable collection resources and may face legal action. 
  • If an agency is told that an account is in bankruptcy and that information is incorrect (a “false positive”), they will be losing the revenue and profit that the account could generate.

LCI's Bankruptcy Notification System (BNS) provides an initial scrub of the portfolio and ongoing notification if any further accounts file bankruptcy.

LCI delivers a full suite of Bankruptcy Solutions based on the industries most accurate and timely bankruptcy information to improve the recovery rate and decrease operational costs of collection efforts

Collection agencies will be interested in this LCI product: