Model predicts which delinquent credit card holders will pay

14 mayo 2015

A way to accurately predict which delinquent credit card accounts will repay an outstanding balance has been created by researchers. Banks need to know which accounts are worth spending money on — whether sending them to a collection agency, filing a lawsuit, or taking no action whatsoever — based on the likelihood of repayment and the amount they can expect to recover. Having that information would influence the strategy a credit card issuer follows for each account, the authors say.