Learn from Our
Data Insights
We publish interesting insights that we find within our data and other news.
Learn from Our
Data Insights
We publish interesting insights that we find within our data and other news.
5 Trends That Will Define the Future of Debt Collection (And How to Stay Ahead of Them)
The debt collection industry is in a tight spot as we enter 2024: with collections decreasing for the last two years and experts warning of rising defaults in the [...]
5 Ways to Optimize Your Debt Recovery Strategy
With higher consumer debt and growing default rates, efficient debt recovery will be essential to financial organizations in 2024. But as legacy processes fail to produce strong enough results, [...]
4 Factors to Decide If Outsourcing Accounts Receivables Management Will Benefit You
Debt recovery is essential to the financial health of your business. With more than 10% of aging dollars 91+ days overdue and default rates rising across the US, 83% [...]
4 Things Every Accounts Receivable Management Vendor Should Offer
The average consumer debt as of Q2 2023 is $23,317 (excluding mortgages). Up 4.7% from the previous Quarter, this gives us great insight into the state of consumer debt [...]
How Will Growing US Debt Shape the Future of Debt Collection?
From the attempts to forgive student loans to the debt-ceiling crisis, the US media has been filled with stories relating to debt in 2023. But with the government, private [...]
How Artificial Intelligence Is Changing Debt Collection (and What to Do About It)
Debt collection can feel like sifting for gold: you know there is profit to be made, but a lot of time and effort is spent looking in the wrong [...]
Quarterly Consumer Loan Charge-Off Rate Prediction
The RDS Business Intelligence team just released its latest predictions for quarterly consumer loan charge-off rates. This is our 27th such set of predictions. The Federal Reserve Bank will [...]
Quarterly Consumer Loan Charge-Off Rate Prediction
The Federal Reserve Bank just reported the Consumer Loan Charge-off Rate (CLCOR) for the fourth quarter of 2022. According to the data published back in Nov 2022, the total seasonally [...]
RDS Housing Market Update
The RDS Business Intelligence team recently updated its Econometrix Tableau real estate dashboards: CLICK HERE MORTGAGE RATES After hitting a 20-year high of 7.08% in November of 2022, the rate [...]
Optimize Your Debt Collections with AI Software: Part 2
This is the last of a two-part series on the power of using Artificial Intelligence to optimize a profitable return on collections. In PART I, we reviewed the RDS [...]
Optimize Your Debt Collections with AI Software: Part 1
This is the first in a series of posts focused on how advanced data analytics, artificial intelligence and machine learning are redefining the collections process. Today we launch a two-part [...]
Effective Asset Identification in Debt Recovery Using AI
One of the biggest challenges in the debt management and collection industry is effective assessment of projected returns on debt portfolios. Some of the difficult questions to address include: What [...]
CFPB Consumer Complaints Still at Record Highs
The Recovery Decision Science Business Intelligence team has updated its CFPB Complaints Dashboard on its Public Tableau page. The data is current through the end of December, 2022. The dashboard [...]
Unifund 2022: Year in Review
As a pioneering company in the collections industry, since 1986, UNIFUND has been a leading partner to major banks, financial institutions, and other creditors for purchasing and managing distressed consumer [...]
Analytics in Debt Collection: Prioritizing Accounts for Collections
This is the first in a series of posts discussing how Recovery Decision Science is using advanced data analytics to revolutionize the debt collection industry. OVERVIEW One of the biggest [...]
U.S. Unemployment Rate Returns to Pre-Pandemic Levels
The U.S. unemployment rate stands at 3.7% through October, nearly matching the pre-pandemic rate of 3.3% in February 2020. With the exception of the February, 2020, we are now at [...]
