Risk Scores and Models
TransUnion risk models can help your institution make sound, confident and consistent consumer credit decisions — leveraging a number of delinquency and bankruptcy predictors.
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® Classic 08, FICO® Auto 08 and FICO® Bankruptcy are available from TransUnion.
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.
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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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.
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.
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