Individual Customer Credit & Collections Business Area Model

Customer is the essential component of any business. They are the focus of business activity and a successful relationship provides the revenues needed by the business.

Implied within that simple statement is the assumption that the customer will honor their financial obligations and pay for products and services in a timely manner as agreed.

It is more expensive for a business to have customers that do not pay their bills than it is to not have those customers. Credit qualification of prospective and existing customers is of critical importance. Post-sales debt management is applied by business to achieve payment for products and services sold and rendered.

Individual customers are different from Legal Entity Customers in both their credit characteristics and collection techniques.

Individual credit information typically comes from both internal and external sources such as Transunion, Experian and Equifax.

The CREDIT & COLLECTIONS INDIVIDUAL CUSTOMER Business Area Model integrates information from both internal and external sources to provide a comprehensive credit reporting data architecture.

>  Credit Report
>  Credit History and Ratings
>  Public Records
>  Consumer Statements
>  Current Account Status
>  Financial Profile
>  Life Events
>  Employment
>  Loans
>  Bankruptcies
>  Collections
>  Garnishments
>  Liens
>  Suits
>  UCC Filings

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