One of the largest debt recovery agencies in the United Kingdom and one of the largest global information services organisations in operation have struck a deal that will see both of them benefit extensively from over the coming years. UK-based debt recovery agency Wescot have struck a multi-million pound deal with Experian to provide them with data services for the next two years,

Wescot is one of the biggest and most respected debt recovery agencies in the United Kingdom and currently employs the services of over 650 staff across three different locations. Wescot possess major centres at Hull, Glasgow and Saltcoats respectively, and the staff within these three centres contact over 5 million account holders each year. Wescot have a burgeoning reputation for the successful management and recovery of debt and last year returned over £240 million to the accounts of their clients.

The deal with Experian will give staff at Wescot even greater levels of detail and accuracy in relation to data services and hopes are high at the company that the resulting improvements will be of great benefit to their clients. Wescot will take advantage of the new platform that has recently been introduced by Experian called ExPin. ExPin is a dynamic data platform that gives each individual on the database a unique PIN number. The platform uses this PIN number to identify individuals and detect any duplications or copies. This substantially improves the accuracy and detail of the data provided to customers of Experian and Wescot are delighted to be a part of such a platform.

Paul Jenkins, Chief Executive Officer at Wescot commented that the ExPin platform had improved their collections operating model and that continued use of the platform would only serve to strengthen their position at the forefront of the debt recovery sector in the United Kingdom.

Wescot currently manage over £4.5 billion of performing assets for their clients with the board at Wescot hoping that the deal struck with Experian will increase that figure even further.

Paul Jenkins added that the most important aspect of the multi million pound deal was with regards to being able to achieve excellent levels of compliance and protect the image and reputations of both their clients and the Wescot brand itself.