Predictive Modelling for Debt Recovery
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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kobus Member Posts: 2
Contributor I
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?
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MartinLiebig Administrator, Moderator, Employee, RapidMiner Certified Analyst, RapidMiner Certified Expert, University Professor Posts: 3,453
RM Data Scientist
Answers
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.