Risk Scores and Models
Risk scores and models available from TransUnion can help your institution make sound, confident and consistent consumer credit decisions – leveraging a number of delinquency and bankruptcy predictors.
TransUnion Auto Model
Obtain greater predictability on the performance of non-prime and sub-prime auto loan applicants. Predict the likelihood of a prospect or existing loan holder becoming 60 days or more delinquent in a 12-month period. This model also offers enhanced segmentation on sub-prime applicants within the auto industry to help you reduce financial losses and decrease delinquency rates.
Developed by the three credit reporting companies, TransUnion, Equifax and Experian, VantageScore uses credit data and characteristic leveling to identify consumers likely to become 90 or more days delinquent within a 24-month period. Make more consistent credit decisions by applying the same attributes to different sets of data and simplify decisioning with a single policy that can be used across credit reporting companies.
FICO® Risk Scores
FICO Risk Scores use information from the extensive TransUnion consumer credit repository to assess a consumer’s risk of severe delinquency–potentially resulting in charge-offs or bankruptcy–over a 24-month period. FICO scores help identify and separate reliable borrowers from those likely to become 90 or more days delinquent. Various scores including FICO® 8 are available from TransUnion.
TransUnion New Account Model
New accounts behave differently than those at other stages in the life cycle. This model enables you to better identify new or prospective members who are most likely to become 90 days or more delinquent within a 24-month timeframe.
TransUnion Bankruptcy Model
This incidence-based risk model offers increased predictive strength to help you better identify prospects, applicants or members most likely to file bankruptcy within a 12-month timeframe. Leverage this solution in conjunction with a delinquency risk model to enhance predictive capabilities.
TransUnion Propensity Models
Credit characteristics across the consumer database are analyzed to determine the likelihood of inquiries across all business lines. These models help you target the right prospects with offers to which they are more likely to respond for more cost-effective marketing campaigns.
TransUnion Propensity Models include:
- Auto Inquiry: Likelihood to apply for an auto loan
- Bankcard Inquiry: Likelihood to apply for a bankcard
- Bankcard Usage: Likelihood to open a bankcard and generate a balance of $500 or more in the first month
- Home Equity: Likelihood to open a home equity trade
- Mortgage Inquiry: Likelihood to apply for a mortgage
- Prime Bankcard: Likelihood for a consumer with a prime risk score to open a bankcard
- Sub-prime Bankcard: Likelihood for a consumer with a sub-prime risk score to open a bankcard
TransUnion Account Management Model
Better manage existing accounts, make key account decisions, and identify more profitable existing members across product lines. This model helps to predict the likelihood of an existing member becoming 90 days or more delinquent in a 24-month period.