Credit card collection strategy model

Details Credit card collection strategy model Credit card collection strategy model

1998-02-10

2000-08-01

Peeso, Thomas R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 1, 705 30, 705 34, 705 35, 705 38, 705 40, 235379, G06F 1700

Patent

active

060980524

ABSTRACT:
The present invention is a computerized collection strategy model for use in collecting payments from delinquent accounts. The computerized collection strategy model estimates for each possible collection strategy, how much will be paid on each account in response to that collection strategy, estimates the amount of resources to be expended in the execution of that collection strategy, and recommends a particular collection strategy for each account that optimizes the use of the available collection resources.

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Managing Consumer Credit Delinquency in the US Economy: A Multi-Billion Dollar Management Science Application, William M. Makuch, Interfaces, Jan.-Feb. 1992, pp. 91-109.

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