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.
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.
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.
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.
Engagement through prescreen and prospecting
Acquisitions through origination and decisioning
Account review and account management
Recovery through collections
Recent History Demonstrates Why Credit Reporting in the Mortgage Market is a Consumer Win
Balancing Objectives at First Notice of Loss
Consumer Credit Origination, Balance and Delinquency Trends: Q1 2018
Collections Leaders’ Perspectives: What the Experts are Saying