Income Estimator and Debt-to-Income Estimator

When considering a consumer’s income or assets and current debt obligations, a card issuer may consider information obtained through any empirically derived, demonstrably and statistically sound model that reasonably estimates a consumer’s income or assets.

The Income Estimator solution can help financial services firms:

• Estimate income when not supplied by the consumer, as well as validate consumer-supplied data and previously captured income.
• Reassess existing customer income and ability to pay in an account management environment.
• Segment the optimal populations for which consumer income or proof of income should be requested.

A card issuer must also consider the ability of the consumer to make the required minimum periodic payments under the terms of the account based on the consumer’s income or assets and their current obligation. The Debt-to-Income Estimator solution provides an estimate of the ratio of debt obligations to income, and can be utilized to evaluate a consumer’s ability to make required payments.

Leverage consumer credit data and predictive analytics to understand a consumer’s ability to pay and manage risk more effectively at every step of your business.

• Account Acquisition
  • Refine prospect segmentation
  • Target offers more effectively
  • Cross-sell existing accounts
  • Process applications more efficiently
• Account Management
  • Identify changes and trends within the portfolio
  • Adjust risk policies accordingly
  • Improve risk, loss and delinquency forecasts
• Collections
  • Identify which accounts are most likely to pay
  • Streamline collection treatment strategies
  • Assess debt portfolio market value with greater accuracy