Risk Scores and Models

Risk scores and models available from TransUnion can help your credit union make sound, confident and consistent consumer credit decisions – leveraging a number of delinquency and bankruptcy predictors.

CreditVision New Account Score

This new score, built with TransUnion’s enriched credit data elements, convincingly outperforms traditional new account scores at finding future risk for acquisitions and within portfolio reviews. Designed to give financial institutions an expansive consumer view, it leverages new insights from TransUnion CreditVision data including payment ratios, duration of balances, directional changes in balances and shifts in utilization levels—data not normally included in traditional scores.

VantageScore®

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.
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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.

CreditVision Bankruptcy Score

The first-ever bankruptcy score designed with enriched consumer credit data elements to give an expanded consumer view. This score leverages new CreditVision data insights not incorporated in traditional bankruptcy models—including payment ratios, duration of balances, directional changes in balances and shifts in utilization levels. As a result, it outperforms traditional bankruptcy scores at identifying future bankruptcy filings across the risk spectrum for acquisitions, account management and collection/recovery activities.

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

CreditVision Account Management Score

Designed with enriched consumer credit data elements, the CreditVision Account Management Score gives financial institutions an expanded view of consumers. The score leverages new insights through CreditVision data including payment ratios, duration of balances, directional changes in balances and shifts in utilization levels—data not incorporated into traditional risk scores. As a result, it’s a risk score that’s better at predicting future consumer performance.

CreditVision Auto Score

Developed for auto lenders, financing companies and dealers, this dynamic new score helps to better predict performance on new auto loan accounts. Using CreditVision data–including actual payment amounts and expanded historical data elements—this score delivers big improvements in performance across the risk spectrum compared to traditional risk scores. Resulting in expanded approvals, reduced risk and improved pricing accuracy.

CreditVision HELOC Score

This new score uses CreditVision insights derived from modeling a full year of home equity originations (lines and loans) to help better target those in the market for a new loan today. As a result, the score helps find people who are 3 to 6 times more likely to open a new home equity account—all while improving response rates.

For a complete list of TransUnion acquisition risk scores and models, download this PDF.

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