“In a recent test of a file containing 16,000 debtor identities, 4% of the identities in the file had changed in just 6 weeks.”
- Scott Straub, Federal Civilian Strategic Market Planner for the Government Business Division, LexisNexis Risk Solutions
Fact: After 5 years, 60% of the identities on record will be inaccurate. That means that out of every 100,000 people who have an outstanding debt in year one, only 40,000 will be reachable through their original information within five years’ time.
Fact: There is at least $400 billion in old debts nationwide including federal, state and local.
Governments can adopt industry best practices when taking actions on delinquent receivables by leveraging external public records databases and following the three phases of collections. Learn More >>
The federal government has suffered, with a sequester sapping over $100 billion from the budget every year through 2021. How can governments make up the shortfall? Uncollected debts. Learn More >>
On average, 35% of delinquent debtors move annually and 50% need to be skip traced. Learn More >>
We have analyzed hundreds of millions of identities across dozens of federal, state and local systems for identity risk, and are the global leader
in mitigating identity risks. Learn how others have done it through an identity solutions demonstration today.