CreditVision

CreditVision empowers improved decisioning

CreditVision^® is a suite of solutions that gives you a broader and deeper view of a consumer. It helps you talk to the right customers and prospects, make better lending decisions and more effectively manage your portfolio risk. Fueled by enriched data, credit performance trends and behaviors, and analytics, CreditVision insights create value across the entire consumer lifecycle, giving you a comprehensive view of consumer performance, so you can make profitable marketing, risk and collections decisions.

All CreditVision solutions are Fair Credit Reporting Act (FCRA) compliant and available through existing TransUnion delivery channels.

CreditVision for Marketing

Optimize your marketing campaigns by targeting the right consumers

Over 40 billion offers were mailed in 2014—and that doesn’t include digital campaigns. Making attractive, compelling offers to prospects is more important than ever. CreditVision delivers reach and precision to drive improved marketing results. Identify, segment and connect with the right audiences—those most likely to respond and qualify for your products—significantly reducing campaign costs and the cost to acquire new customers.

• Identify net-new consumers that align with your risk strategies
• Target prospects more likely to respond and convert to customers
• Tailor product offers to consumers based on need and predicted use

CreditVision for Risk Management

Accurately decision and price more consumers while mitigating risk

Risk managers are under constant pressure to keep approval rates high while keeping losses low. CreditVision time series data drives a more accurate risk score, incorporating how an individual has changed their credit usage and payment behaviors over time. Fuel your risk scores with trended insights and move ahead of the competition.

• Better identify consumers meeting risk objectives
• Improve decisioning to consumers near score cutoffs

CreditVision for Account Management

Strengthen and grow existing customer relationships

Once you book a customer, make sure you keep them. Tailored messages and strategies that speak to individual customers make them feel understood and help build customer relationship and loyalty. Accessing additional dimensions of consumer behavior over time allows for more informed and confident customer marketing, line management decisions and more accurate treatment strategies.

• Diversify relationships with customers across lines of business
• Anticipate evolving consumer needs to continuously protect customer base
• Drive credit line and account modification strategies
• Identify account issues early, including potential delinquency

CreditVision for Recovery

Increase monies collected with improved recovery models

Identify which consumers likely can’t or won’t be able to pay, and those that will potentially yield the highest recoveries. CreditVision recovery scores and models incorporate number of payments, payment recency and size of payment, and are proven to be more predictive than using traditional data in models in recovering past-due debt.

• Increase effectiveness through improved roll-rate and recovery models