Predictive Modelling for Debt Recovery

kobus
kobus New Altair Community Member
edited November 2024 in Community Q&A

Dear Everyone,

 

I am in need of assistance in predictive modelling within the Credit / Debt collection environment. Can any one assist?

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Best Answers

  • kobus
    kobus New Altair Community Member
    Answer ✓

    Thank you for the response. We are are debt collections firm, recovering outstanding accounts for financial institutions. My objectives are to increase our ROI with predictive modelling to establish which accounts are more likely to:

     

    1. Default again

    2. Never pay

    3. Pay

     

    Hope this helps?

     

  • MartinLiebig
    MartinLiebig
    Altair Employee
    Answer ✓

    Dear Korbus,

     

    i will connect with you via email. Might make sense to push this over from community to our commerical use case support.

     

    Cheers,

    Martin

Answers

  • m_oke
    m_oke New Altair Community Member

    I've done some work in that field and may be able to help, but we will need to know the following:

     

    a) What are your objectives?

    b) Is this on behalf of a debt collector or financial institution (their data differs)?

     

    Your answers will give more clarity for us to help you.

     

  • kobus
    kobus New Altair Community Member
    Answer ✓

    Thank you for the response. We are are debt collections firm, recovering outstanding accounts for financial institutions. My objectives are to increase our ROI with predictive modelling to establish which accounts are more likely to:

     

    1. Default again

    2. Never pay

    3. Pay

     

    Hope this helps?

     

  • MartinLiebig
    MartinLiebig
    Altair Employee
    Answer ✓

    Dear Korbus,

     

    i will connect with you via email. Might make sense to push this over from community to our commerical use case support.

     

    Cheers,

    Martin

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