Pre-screen prospective timeshare and vacation property buyers to make better credit decisions
LexisNexis® Risk Solutions data goes beyond traditional credit bureau scoring to provide a complete consumer profile. We include insights that enable you to better predict consumer behavior and risk for extending credit to the estimated 50 million individuals with limited or no credit history. This “unscoreable” population includes many Millennials who have yet to develop a credit history.
You can also increase the ROI of your marketing campaigns by pre-screening your lists of timeshare leads to avoid inviting the prospects whose financial circumstances deem them unattractive candidates for your offers.
Our solutions can help you:
- Evaluate creditworthiness of up to 95% of applications
- Improve timeshare credit decisioning
- Assess risk associated with international customers
- Determine appropriate offers based on risk profiles
In addition, our compliance solutions can integrate with your credit risk processes to help you avoid making offers to individuals that present Office of Foreign Assets Control (OFAC), Anti-Bribery and Corruption (ABC), Anti-Money Laundering (AML) and compliance risks.
Locate debtors faster using information from thousands of public records sources
Boost right-party contacts by up to 30% and help reduce financial losses due to bad debt. With access to 500 million consumer identities and 1 billion business contacts, our collections solutions feature a unique combination of data, tools, analytics and services.
Our solutions can help you:
- Locate your debtors faster
- Determine their ability to repay
- Segment and prioritize account collections
- Leverage critical decisioning insights to collect debts faster with fewer resources