What credit companies use equifax

what credit companies use equifax

New Risk Score from Equifax-FICO Alliance Identifies Which UK Consumers Can Handle More Credit.

Card issuers could safely extend credit to 15 percent more consumers

using solution that includes

Credit Capacity Index (TM) and Equifax


LONDON, Sept. 27, 2012 /PRNewswire/ — Global information solutions

leader Equifax and FICO, the innovative provider of analytics and

decision management technology, today announced the release for the UK

market of the FICO[sup.] Credit Capacity Index (TM), built on

Equifax’s market-leading risk score, Risk Navigator 4 (RN[sup.4]).

Research indicates that UK card issuers could safely extend more credit

to 15 percent more consumers on average.

(Logo: http://photos.prnewswire.com/prnh/20111010/CG83314LOGO)

(Logo: http://photos.prnewswire.com/prnh/20120223/CG58679LOGO)

Capitalizing on FICO’s patented analytic technology and

Equifax’s rich credit data and bureau characteristics

on the UK

population, the new solution from the Equifax-FICO alliance gives

lenders a more effective way to assess a consumer’s ability to

on a nationwide sample of UK accounts showed that using

the FICO[sup.] Credit Capacity Index (TM) with Equifax’s credit

risk scores to set initial credit lines would add about [pounds

Analysis shows that among low-risk consumers with the highest

RN[sup.4] scores, those with the lowest Credit Capacity Indexes were 13

times more likely to default on a new loan than consumers with a high

Credit Capacity Index.

“Lenders understand their responsibility to determine consumer

indebtedness and affordability as well as meet the requirements for

FICO developed the Credit Capacity Index using a patented analytic

for enabling growth.”

Source: whichcreditcard.ofchicago.org

Category: Credit

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