Avoid the "too little, too late" approach to risky loans, by taking more informed action earlier.
Can external data substantially improve your early warning system and prioritize collection and workout efforts? Absolutely, and PayNet can show you how.
PayNet credit assessments fit right into your lending ecosystem. You retain control over your risk appetite by implementing your own decision logic and criteria. PayNet’s got your back with credible, reliable data.
Guide your loss mitigation efforts to take action earlier in the default cycle, leading to lower losses. It’s not unusual for the automated system to be more accurate and consistent in predicting default risk than subjective human assessments.
PayNet's data and analytics on specific borrowers will alert you when they begin to deteriorate and help you quantify the impact of those changes on your portfolio’s risk outlook. Our solutions help you identify borrowers who may not be paying you while they are paying other lenders.
Loss mitigation begins earlier in the credit cycle. With a fully realized, start-to-finish risk management strategy, you’ll be better positioned to spot troubled accounts before they’re past the point of no return.
If your collections efforts are haphazard or less than effective, things will only get worse until you take action. PayNet experts have a proven record of setting you up for more efficient and effective collections.