Bad debt recovery remains one of your biggest challenges as a lender. Every non-performing loan drains your resources and threatens your bottom line.

You need a solution that prevents defaults before they happen and recovers funds efficiently when they do.

That's where Vida AI transforms your approach to bad debt recovery.

Why Bad Debt Recovery Matters to Your Loan Portfolio

Your loan portfolio performance depends on one thing: repayment.

When borrowers default, you face:

• Revenue loss from missed payments
• Increased operational costs
• Lower portfolio valuations
• Reduced lending capacity

Traditional debt recovery methods cost you time and money. Manual follow-ups fail. Phone calls go unanswered. Payment plans collapse.

Bad debt recovery shouldn't be reactive. It should be predictive.

How Vida AI Prevents Bad Debt Before It Happens

The best bad debt recovery strategy starts at origination.

Vida AI analyzes credit profiles using alternative data and bank statement analysis. You get instant credit decisions based on real financial behavior, not outdated credit scores alone.

This means you:

• Approve borrowers with genuine repayment capacity
• Reject high-risk applicants automatically
• Build a healthier loan portfolio from day one

Your credit risk officers make smarter decisions. Your default rates drop. Your loan portfolio strengthens.

Optimizing Bad Debt Recovery Through Smart Repayment Collection

Once you approve a loan, Vida AI ensures you actually get paid.

The platform integrates seamlessly with customer bank accounts for repayment collection. You can set up:

• Payroll deductions
• Direct debit mandates

This automated approach to bad debt recovery eliminates manual follow-ups. Payments happen on schedule. Your cash flow stays consistent.

When a borrower misses a payment, you know immediately. Vida AI gives you comprehensive bank account visibility so you can see all available funds and act fast.

The Vida AI Advantage for Bad Debt Recovery

Vida AI optimizes bad debt recovery across your entire lending operation:

• Advanced Identity Verification Stop fraud before disbursement. Cross-check customer details across multiple data sources. Lend to real people with verified identities.
• AI-Powered Credit Decisions Use machine learning to assess repayment probability. Make data-driven decisions that reduce defaults by up to 20%.
• Real-Time Credit Profile Analysis Give your field agents instant insights into customer eligibility. Close deals faster with borrowers who will actually pay you back.
• Comprehensive Audit Logs Track every interaction and decision. Maintain compliance while optimizing your bad debt recovery processes.

Bad Debt Recovery Strategies That Work

Smart lenders don't just chase bad debt. They prevent it.

• Start with accurate credit assessment. Vida AI analyzes alternative data to predict repayment behavior. You see income patterns, spending habits, and financial stability before approving loans.
• Set up reliable collection channels from day one. Integrate direct debit mandates and payroll deductions. Automate payment reminders through the platform.
• Monitor your loan portfolio continuously. Request additional payment methods when needed. Download bank statements and credit profiles for detailed analysis.
• Scale your operations with API integration. Embed Vida AI's credit decision engine directly into your existing systems. Maintain your workflows while gaining powerful new capabilities.

Transform Your Loan Portfolio Performance

Bad debt recovery drains resources when you do it manually.

Vida AI automates the entire process from credit assessment to repayment collection. You reduce defaults, recover funds faster, and build a healthier loan portfolio.

Your team focuses on growth, not chasing payments. Your borrowers enjoy seamless experiences. Your business thrives with consistent cash flow.

Stop losing money to bad debt.

Get started with Vida AI today and transform how you manage loan portfolio risk. Visit www.askvida.ai and see how AI-powered credit decisions protect your business.