FASTRAK Scoring Model
TRAKAmerica’s remarkably predictive FASTRAK scoring model selects only the right accounts to sue without wasting time and court expense on low potential accounts. Now in its third major release, FASTRAK has been built on empirical data from more than one million claims and nearly $100 million in court costs in all fifty states.
Traditional legal strategies focus on customers with assets or high credit scores. FASTRAK uses more than 30 variables to predict the probability that a debtor’s income or asset situation will improve sufficiently to pay off your judgment prior to its expiration. As a result, we are able to sue more debtors and produce more net back.
Bear Trap
The key to a successful legal strategy is picking the right accounts for suit. A legal strategy requires an up-front investment in court costs. If you don’t sue the right debtors, court costs on uncollectible cases will significantly reduce your net back.
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